Meta shares fall back after historic winning streak​

After 20 consecutive days of gains, shares of Meta Platforms Inc. fell below their eight-day simple moving average. During the streak, the company increased its market capitalization by more than $350 billion. The pullback raises questions about whether it represents a buying opportunity or a warning sign for investors.

Despite the recent drop, Meta shares have accumulated an increase of 22.35% so far this year and 51.85% in the last 12 months. The average target price among 43 analysts is $731.76, with a 'Buy' rating.