Downbeat Guidance Drags Meta Platforms Stock
Meta Platforms Inc (NASDAQ:META) stock is down 13% at $429.32 at last glance -- its lowest level since Feb. 1 -- after the company's quarterly report. While the Facebook and Instagram parent's first-quarter earnings and revenue both topped estimates, a weaker-than-expected second-quarter revenue guidance is weighing on META this morning. Options traders are rushing to place their bets after the event. Today's options pits show ample activity from both sides of the aisle, but bulls are edging out bears. With ...