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Why Facebook (Meta Platforms), Twitter And Snap Shares Are Rising Today

Shares of social media companies, including Meta Platforms Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNA
byHenry Khederian
March 9, 2022
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Shares of social media companies, including Meta Platforms Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP), are all trading higher in sympathy with the overall market amid continued volatility stemming from the Russia-Ukraine conflict.

US indices are also trading higher amid continued volatility on Ukraine-Russia concerns. A pullback in oil prices following the recent crude rally has helped alleviate some concerns of rising commodity costs. US President Joe Biden Tuesday announced a ban on Russian Russian oil, natural gas and coal imports.

See Also: ‘Zoom Is Now A Verb’: Gene Munster On Why Investors Should Look For Tech Stocks With M&A Potential

Meta Platforms is trading higher by 3.60% at $197.10.

Twitter is trading higher by 4.70% at $34.22.

Snap is trading higher by 9.40% at $34.14.

 
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By Lisa Levin
Today, 4:03 AM
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

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