Meta Platforms Inc (NASDAQ: META) experienced a notable decline in stock value on June 23, closing at $682.35, down 1.93% (-$13.42) from the previous close of $695.77. The session opened strong at $700.75, but persistent selling pressure pulled the stock down, with intraday lows reaching $678.67. This move has raised concerns and questions among investors heading into the next trading day — Monday, June 24.
Key Trading Metrics (June 23)
- Open: $700.75
- Close: $682.35
- High: $701.82
- Low: $678.67
- Previous Close: $695.77
- Pre-market (June 24): $682.50 (+0.15 / +0.022%)
- Market Cap: $1.72 Trillion
- P/E Ratio: 26.65
- Dividend Yield: 0.31%
- Quarterly Dividend: $0.53
- 52-Week High: $740.89
- 52-Week Low: $442.65
Why Did Meta Stock Fall on Friday?
The sharp decline from the morning highs suggests heavy profit-taking or sector-wide weakness, possibly in response to broader tech sentiment, rising bond yields, or global macroeconomic jitters. Despite starting above $700, sellers dominated by midday, pushing the price near its intraday low.
The flat post-market movement (+0.15) suggests that there is no immediate catalyst either positively or negatively affecting Meta’s outlook heading into Monday.
Outlook for Monday, June 24: Will the Market Recover?
Given the marginal uptick in pre-market trading and the oversold look of Friday’s intraday chart (extended decline with late-day stabilization), a slight rebound is possible on Monday — especially if broader tech or NASDAQ futures trade positively overnight.
However, volume and sentiment will be key. If market participants believe Friday’s dip was temporary, a bounce toward the $690–$695 range could occur. If bearish momentum continues, META may retest support near $678 or below.
Is It a Good Time to Invest in Meta Stock?
Short-term traders:
- Look for a reversal signal at Monday’s open.
- Support near $678 is critical. A break below could trigger further downside.
Long-term investors:
- Meta still trades well below its 52-week high ($740.89), offering a potential entry point.
- Strong fundamentals, a stable P/E ratio (26.65), and consistent dividend payouts make it attractive, especially if this decline is temporary.
: Wait and Watch or Buy the Dip?
If you’re a short-term trader, caution is advised until the price action on Monday confirms a direction. For long-term investors, this dip may present a buying opportunity if Meta stabilizes above support and broader markets remain firm.
Stay tuned for Monday’s open to confirm trend direction before taking action. Use tight stop losses if trading short-term.
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