AI-powered contentSome parts of this article are powered by AI.
Share this article
Summary
Meta Platforms (META) closed at $612.49 on October 28, 2026, down 1.24%, while the Nasdaq Composite rose 0.27%.
None of the reports reviewed tied the drop to a single company-specific cause; it came two days after Meta priced a $25.0 billion share sale at $625.00 a share.
Nvidia and AMD are investing $3 billion and $1 billion in the share sale, and The Motley Fool reported that Meta plans an at-the-market program to sell about $60 billion more stock.
Gotrade News - In the latest Meta stock news, Meta Platforms (META) closed at $612.49 on Wednesday, October 28, 2026, down $7.70 (-1.24%) in the US session. Meta stock slipped while the Nasdaq Composite rose, and none of the reports reviewed for this article tied the decline to a single company-specific cause. The move came two days after Meta priced a $25.0 billion share sale at $625.00 a share.
META Trading Data
Data
Value
Closing price
$612.49
Change
-$7.70 (-1.24%)
Previous close
$620.19
Open
$621.85
Day range
$609.00 to $624.42
Volume
35.1 million shares
30-day average volume
23.2 million shares
52-week range
$520.26 to $779.82
Regular-session close on Wednesday, October 28, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 29, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
META opened at $621.85, above the previous close of $620.19, then traded between $609.00 and $624.42 before finishing just $3.49 above the day's low. Volume reached 35.1 million shares, 51.25% above the stock's average of 23.2 million shares.
The drop ran against a firmer market. The Nasdaq Composite rose 0.27% to 26,549.85, the S&P 500 gained 0.28% to 7,743.98 and the Dow Jones Industrial Average added 0.19% to 52,475.10, leaving META 1.51 percentage points behind the Nasdaq. The US 10-year Treasury yield rose 5.2 basis points to 5.05%.
Nvidia (NVDA) fell 1.17%, while AMD (AMD) rose 3.24% and Alphabet (GOOGL) gained 1.34%. META ended the day 21.46% below its 52-week high and 17.73% above its 52-week low.
No report reviewed for this article named a company-specific cause for Wednesday's decline. The session fell in the middle of Meta's new equity raise.
According to Meta's pricing term sheet filed with the SEC, the company priced 40,000,000 Class A shares at $625.00 each on October 26, after increasing the common stock offering to $25.0 billion, and sold 250,000,000 depositary shares of 6.50% mandatory convertible preferred stock at $50.00 each. Both offerings were scheduled to settle on October 29, and Wednesday's $612.49 close sat below the $625.00 offering price.
As reported by Moby, Meta lifted its overall fundraising plan to $97.5 billion on Tuesday, from the up to $95 billion it launched on Monday. Per SiliconANGLE, Nvidia is investing $3 billion and AMD $1 billion in the share sale, tied to expanded chip partnerships announced on October 27, and AMD's commitment came as Meta tests an initial set of its Helios racks.
Separately, GuruFocus reported that jury selection began on Wednesday in Los Angeles in a case where two plaintiffs allege that features such as autoplay and endless scrolling encouraged compulsive use, with one plaintiff's claims against Meta still in the case. Meta disputes the allegations, according to the report.
META Stock Analysis: Supporting Factors and Risks
Supporting Factors
Meta's third-quarter advertising revenue rose 26% year over year to $63.1 billion, according to The Motley Fool.
Nvidia and AMD committed $3 billion and $1 billion to the share sale alongside wider hardware partnerships, per SiliconANGLE.
The SEC term sheet puts expected net proceeds at about $24.9 billion from the common stock, due when forward sale agreements settle on or before November 19, 2027, plus about $12.5 billion from the preferred stock.
Risks
More shares are planned. The Motley Fool reported that Meta plans an at-the-market program to sell about $60 billion more stock after its Class C shares begin trading, and Moby cited an estimate of about 5.5% dilution if the full plan sells.
Spending is running ahead of cash generation. The Motley Fool reported that third-quarter capital expenditures, including finance lease principal payments, exceeded operating cash flow by about $2.1 billion, with 2026 capital expenditures guided at $135 billion to $145 billion.
Legal exposure remains. GuruFocus noted that thousands of similar lawsuits have been consolidated in Los Angeles Superior Court, so early outcomes could affect settlements across the litigation.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
