Meta Platforms (NASDAQ: META) saw its stock decline by 4.3% following insider selling activity. Chief Product Officer Christopher K. Cox sold 20,000 shares on Feb. 27 at an average price of $677.71, totaling approximately $13.55 million. The sale reduced Cox’s holdings by 6.08%, leaving him with 308,686 shares. Investors reacted to the transaction, contributing to the stock’s downward movement.
As of the latest trading session, Meta shares traded at $629.50, down 3.9% on the day. The stock reached an intraday high of $657.50 and a low of $623.66.
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About Meta Platforms Inc.
Meta Platforms Inc., formerly known as Facebook, is a global technology conglomerate that owns and operates Facebook, Instagram, WhatsApp, and Oculus. The company is focused on building innovative technologies that connect people, create communities, and drive business growth. Meta is headquartered in Menlo Park, Calif.
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