Shares of Meta Platforms Inc. META, +0.33% advanced 5.37% to $168.80 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.25% rising 2.59% to 12,668.16 and the Dow Jones Industrial Average DJIA, -0.22% rising 1.29% to 32,812.50. This was the stock’s third consecutive day of gains. Meta Platforms Inc. closed $215.53 short of its 52-week high ($384.33), which the company achieved on September 1st.
The stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT, +0.15% rose 2.78% to $282.47, Alphabet Inc. Cl A GOOGL, -0.11% rose 2.56% to $118.08, and Twitter Inc. TWTR, +0.43% rose 0.05% to $41.00. Trading volume (31.6 M) eclipsed its 50-day average volume of 31.0 M.