Meta Platforms Surpasses $500 After $480 After-Hours Trading, Confirms Daily Bottom and Faces $500 Resistance

Meta Platforms Inc. (NASDAQ: META) has shown significant price movement, trading at approximately $480 in after-hours trading on August 5, 2024, and surpassing the $500 mark on August 6. This marks a notable recovery from a low of around $80 less than two years ago. Analysts are observing a confirmed daily bottom at support levels, with speculation of potential all-time highs on the horizon. The stock is facing psychological resistance at the $500 level, which has been identified as a critical point for future performance.