by MarkusEF
Feb 10 Day 16 update (Investopedia): https://www.investopedia.com/meta-stock-record-16-session-winning-streak-8788971
Trillion dollar / Big Tech longest streaks as of Feb 7 (WSJ): https://www.wsj.com/livecoverage/jobs-report-stock-market-today-dow-nasdaq-sp500-02-07-2025/card/meta-stock-extends-winning-streak-to-15-sessions-EkYgAX2FQc5YFmfZWlN1
My analysis:
Earnings were reported on January 29, the 8th day of this streak. They did beat expectations, and beat by a lot. However, CONSECUTIVE multi-day post-earnings streaks historically don’t tend to last, since all information is now public, and some investors choose to take profits. We’re not talking about a post-earnings uptrend that lasts for weeks/months, but CONSECUTIVE GREEN days reacting to the SAME earnings release, with no further news. (Today’s layoffs were also announced weeks ago.)
The other peculiar thing about this stock is it follows a similar chart pattern each day. It tends to rocket up first thing in the morning, followed by a steady mid-day/early afternoon selloff that takes it back to flat or even slightly negative. Then it gets bid up again in the last few hours for a positive close.
Look at the huge daily morning spikes!
We know Markie Z has been selling shares – tens of millions’ worth every day, in fact, based on a preset executive trading plan: https://in.benzinga.com/trading-ideas/long-ideas/25/02/43527542/meta-stock-soars-but-zuckerbergs-cashing-in-should-investors-worry But if markets were efficient, wouldn’t they let him finish selling his shares before swooping in? They’re paying a higher price than they’d otherwise have to by bidding up the stock only so he could cash in at the best price.
Does anyone have a clue what’s going on with this stock?