Mark Zuckerberg's Meta Stock Poised To Snap 19-Day Winning Streak As Overbought Conditions, Employee Layoffs Dampen Sentiment

After Meta Platforms Inc. META made history on Thursday, advancing 19th day in a row and hitting a fresh 52-week high of $729 apiece However, it seems that the stock may not make it to day 20, as it’s falling in premarket on Friday.What Happened: The company’s overbought technical indicators, combined with the negative publicity surrounding its recent 5% workforce reduction, may be contributing to its current downturn.Shares of Mark Zuckerberg-led company, Meta, haven’t fallen since Jan. 16, however, they w ...