By Emily Dattilo
Shares of Meta Platforms were trading lower on Tuesday, on pace to end a lengthy stretch of gains.
Meta stock fell 2.2% to $720.32 in afternoon trading, on track to snap a 20-day winning streak, according to Dow Jones Market Data. Shares have soared 23% this year, outperforming Magnificent Seven peers Apple, Nvidia, Microsoft, Amazon.com, Alphabet, and Tesla.
A lot has gone right for the social-media company lately, from an impressive earnings report to shrugging off fears over Chinese AI start-up DeepSeek and President Donald Trump's tariffs.
It wasn't clear what was weighing on shares on Tuesday, but investors may have decided it was time to snap up profits.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 18, 2025 12:44 ET (17:44 GMT)
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