Shares of Meta Platforms Inc. FB, -4.27% slipped 4.27% to $310.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -1.83% falling 1.83% to 15,254.05 and Dow Jones Industrial Average DJIA, -1.34% falling 1.34% to 34,022.04. This was the stock’s second consecutive day of losses. Meta Platforms Inc. closed $73.73 below its 52-week high ($384.33), which the company achieved on September 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, -0.15% fell 0.15% to $330.08, Alphabet Inc. Cl A GOOGL, -0.60% fell 0.60% to $2,821.03, and Twitter Inc. TWTR, -2.55% fell 2.55% to $42.82. Trading volume (30.1 M) eclipsed its 50-day average volume of 23.9 M.