Meta Platforms Is Up 21% This Month, and Here Is What's Driving the Surge
The tech company just added $270 billion to its market cap.
Overview
We all know Meta Platforms (NASDAQ: META) as the ubiquitous social networking ecosystem. Investors are also familiar with its booming digital advertising platform. But there's something else that's moving the needle these days.
As of July 16, Meta shares are up 21% this month. This stellar performance is better than all the other Magnificent Seven stocks. It's a notable reversal from June, when shares dipped 11%.
Details
Here is what's driving the surge that has added a whopping $270 billion to the company's market capitalization in July.
Source
Originally published at www.fool.com.
Related Articles
- Watch Out, Eli Lilly and Novo Nordisk: Viking Therapeutics Just Started Testing a Weight Loss Drug That Goes Beyond GLP-1
- Taylor Farms recalls iceberg lettuce in 27 states due to cyclosporiasis outbreak
- AeroVironment CEO Wahid Nawabi Sells 5,246 Shares for Tax Withholding. What Investors Need to Know.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.