6:46 PM ยท 2 February 2024

Historical trading session for Meta Platforms stocks ๐Ÿ“ˆ

This week's final trading session on Wall Street was dominated by the reaction to Meta Platforms' (META.US) quarterly results, which lifted the company's shares more than 23% higher. Strong growth in advertising revenue, stronger-than-expected new user growth and an increased share buyback programme lifted the company's shares clearly above the all-time high. What's more, the company announced its first-ever dividend, was optimistic about business conditions in 2024 and announced major investments in AI. In the first quarter of 2024, the company's revenue is expected to grow by 20-30%!

From a statistical point of view for the average of the last 4 years, today's share price momentum of Meta Platforms is approaching 7-standard deviations!

Source: xStation

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