NEW YORK – Meta Platforms Inc. (NASDAQ: META) stock is signaling a strong start to the trading week, with significant pre-market gains on Monday morning suggesting continued positive momentum for the tech giant. Traders and investors are closely watching as the stock pushes past the critical $700 level in early trading, setting a bullish tone for the day ahead.
Today’s Market Snapshot: What the Data Shows
Based on market data from Monday, June 24th, here is a complete breakdown of the key metrics every trader needs to know:
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Previous Close: Meta stock finished the last trading session at a strong
16.18 (+2.37%).
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Pre-Market Activity: As of early Monday morning, the stock was trading at
5.59 (0.80%). This positive pre-market activity is a powerful indicator that buyer interest remains high and suggests the stock will likely open higher than its previous close.
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Last Session’s Trading Range: The stock showed impressive resilience in the previous session, opening at $683.69 and hitting a low of $678.75 before rallying to a high of $699.05.
Analysis: Will the Stock Go Up or Down?
All immediate indicators point towards an upward trajectory for Meta stock at the market open on Monday.
The strong close from the previous session, combined with a robust pre-market rally that has already broken the psychological $700 barrier, paints a decidedly bullish picture. The 1-day chart shows a clear upward trend, with the stock recovering from an initial dip to finish near its peak for the day. This momentum appears to be carrying over.
For traders, key levels to watch today will be:
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Support: The previous closing price of $698.53 will now act as a potential support level.
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Resistance: Having surpassed $700 in the pre-market, the next major target for bulls will be the 52-week high of $740.89.
Should You Invest Today?
While the short-term outlook appears positive, the decision to invest requires careful consideration. The fundamental metrics provide a broader context:
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P/E Ratio: At 27.29, Meta’s price-to-earnings ratio is reasonable for a leading technology company with its growth profile.
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Dividend: The company offers a dividend yield of 0.30% with a quarterly payout of $0.52 per share. This relatively new dividend has broadened Meta’s appeal to include income-focused investors.
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Market Position: As a trillion-dollar company, Meta remains a dominant force in the digital advertising and social media landscape.
The current bullish momentum is a compelling reason for optimism. However, traders should remain cautious of potential profit-taking after the recent run-up. The stock’s performance will also be influenced by the sentiment of the broader market and any breaking news.
: The evidence strongly suggests that Meta stock is poised for a positive start on Monday. The pre-market surge is a key bullish signal. For long-term investors, the company’s fundamentals remain solid. For short-term traders, the momentum is favorable, but managing risk and watching key technical levels will be crucial for navigating the day’s session.
Disclaimer: This article is for informational purposes only and is based on the data provided in the image. It does not constitute financial advice. All investment decisions should be made after conducting your own thorough research and consulting with a qualified financial advisor.
