Meta Platforms Inc. shares rally amidst a grim trading session

Shares of Meta Platforms Inc. (META) experienced a notable rally of 4.40% on Thursday, reaching a price of $311.71. This surge occurred within an overall bleak trading session for the stock market, as both the NASDAQ Composite Index (COMP) and the Dow Jones Industrial Average (DJIA) saw declines of 0.55% and 0.67%, respectively.

This positive performance marks the third consecutive day of gains for Meta Platforms Inc. shares. Despite coming close, the stock closed $6.97 shy of its 52-week high of $318.68, which was achieved on July 19th.

Interestingly, Meta Platforms Inc. outperformed some of its competitors during Thursday's trading session. While Apple Inc. (AAPL) recorded a decline of 0.66% to $193.22, Microsoft Corp. (MSFT) saw a drop of 2.09% to $330.72. On the other hand, Alphabet Inc. Cl C (GOOG) experienced a modest rise of 0.16% to $129.87.

The trading volume for Meta Platforms Inc. also surpassed expectations, with 63.7 million shares traded, well above the 50-day average volume of 24.9 million shares.