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This means that on average, the stock is 20% more volatile than the overall market.
But usually, volatility means a stock moves up and down.
Is it worse after it breaks that streak?
And what aboutMeta in particularmakes it a good or bad investment?
Read on to learn more.
How Much Did Meta Gain During Its Run?
Meta Platforms closed at $611.30 per share on Jan. 16.
Over those roughly four weeks, the stock gained 20.5%.
What Does It Mean That Meta Broke Its Streak?
On Feb. 18, Meta closed at $716.37, a loss of 2.75%.
But that was just the beginning of the profit-taking.
That closing price marked a 10.6% decline from the stocks Feb. 14 peak.
Should You Buy Stocks That Keep Going Up?
The decision on when to sell a stock is one of the most difficult for investors to make.
On the one hand, momentum tends to breed momentum.
When stocks go up, investors fearful of missing out on gains tend to jump in.
This can continue to push a stocks price higher, even beyond what may seem to be rational levels.
This is part of the reason why Meta was able to gain for 20 days in a row.
But trees dont grow straight to the sky, and no stock goes up every single day in perpetuity.
Now That Meta Has Sold Off, Is It Time To Buy?
One of the paths to long-term riches in the stock market is to buy low and sell high.
And the same factors that drove Meta on its multi-week rally still remain.
With AI being the buzzword dominating all technology these days, this seems like a prudent bet going forward.
What Do Analysts Say About Buying Meta?
According toBusiness Insider, analysts remain firmly bullish on shares of Meta.
The average 12-month price target among these analysts is $764.61.
That suggests a gain of about 16% from current levels.
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