Meta Platforms Inc. (META) experienced a significant surge in its stock price following the company's recent earnings report. The stock has broken through a multi-week base, closing up its earnings gap down and achieving a new high. As of the latest updates, META is up 4%, with traders noting it has surpassed the 50-day moving average and is showing strong intraday volume. The stock is currently targeting the $500 level, a significant milestone following last week's breakout. The stock's performance has been described as a 'post-earnings spank' with a 'gap and go' pattern.