Meta (META) Stock Is Up, What You Need To Know

Stock Story

What Happened?

Shares of social network operator Meta Platforms jumped 3.6% in the afternoon session after reports indicated the company planned significant budget cuts for its metaverse division, Reality Labs.

The division, which has lost more than $70 billion since 2021, faced potential spending reductions of up to 30% for 2026. This news signaled a company pivot away from heavy metaverse investments and toward an increased focus on artificial intelligence (AI). Investors reacted positively to this re-evaluation of spending on the money-losing unit. The company's push into AI was seen as a key driver, with more of its spending expected to be allocated to AI project development. This move suggested a greater emphasis on improving financial performance.

The shares closed the day at $661.70, up 3.5% from previous close.

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What Is The Market Telling Us

Meta’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 10 days ago when the stock gained 3.5% on the news that renewed enthusiasm for Alphabet reinvigorated the artificial intelligence trade, propelling a market rebound heading into the Thanksgiving holiday. The Nasdaq index jumped 2.6% and the S&P 500 gained 1.6%, driven by a 5% rally in Alphabet following the announcement of its upgraded Gemini 3 AI model. This optimism spilled over into the broader tech sector. The rally built on momentum from the previous trading session, sparked by the New York Fed president keeping the door open for a December interest rate cut.

Meta is up 10.5% since the beginning of the year, but at $662.44 per share, it is still trading 16.1% below its 52-week high of $790 from August 2025. Investors who bought $1,000 worth of Meta’s shares 5 years ago would now be looking at an investment worth $2,368.

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Dow Slips, Small Stocks Rally Amid Mixed Signals on Economy — WSJ

Dow Jones Newswires

By Matt Wirz

Stock markets grappled with conflicting indicators about the state of the job market and consumer spending Thursday, finishing the session mixed, while global bond yields ticked higher with notable rises in borrowing costs for Japan and the U.S.

The 10-year government-bond yield in Japan rose to 1.941%, the highest since 2007. On Thursday, Bank of Japan Gov. Kazuo Ueda suggested the bank isn't sure how many more interest-rate hikes might be required.

In the U.S., the 10-year Treasury yield increased 0.05 percentage point to 4.107%. Despite the selloff in Treasurys, yields remain well below their summer peak near 4.5% and signs of a potential slowdown in economic growth continue to fuel expectations that the Federal Reserve will cut interest rates at its meeting Dec. 10.

The S&P 500 closed higher 0.1% while the Dow Jones Industrial Average slipped 0.1% and the Nasdaq composite added 0.2%. The Russel 2000 index of smaller companies stood out, rising 0.8% to a record close of 2531.25, a sign that the expectations of a rate cut are prompting investors to buy beyond the handful of technology stocks that fueled most of the market's growth in recent years.

"If the Russell 2000 can keep up with or surpass the S&P 500 on a relatively quiet day like today, that's a good indicator," said Keith Buchanan, senior portfolio manager at Globalt Investments. "It tells us that even without an event pushing it, there's a broader flow of money going into small-caps."

Some tech giants also posted gains with Meta Platforms rising 3.4% after Bloomberg reported the company was planning cuts in its group building the metaverse. Salesforce gained 3.7% after it raised full-year guidance, saying its AI product is gaining traction.

Although the recent shutdown stopped government statisticians from compiling the flagship nonfarm payrolls report for October, new data showed an unexpected drop in weekly jobless claims, which hit a three-year low during Thanksgiving week. A separate report from Challenger, Gray & Christmas showed its monthly tally of planned corporate layoffs falling back after an October spike, though year-to-date job cuts are at the highest since 2020.

A flurry of earnings from retailers also pointed to a more conservative shift in consumer spending. Shares in Dollar General gained, after the low-price retailer issued earnings and lifted its forecast for full-year sales growth, reflecting that American households are tightening their purse strings. Kroger stock fell after the supermarket chain swung to a loss and missed analysts sales targets.

Write to Matt Wirz at matthieu.wirz@wsj.com

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Protara Therapeutics stock tumbles after $75M public offering

Investing.com

Investing.com -- Protara Therapeutics Inc (NASDAQ:TARA) stock fell 10.5% in after-hours trading Thursday following the announcement of a $75 million public offering of common stock and pre-funded warrants.

The clinical-stage biopharmaceutical company, which develops treatments for cancer and rare diseases, said it would offer shares of its common stock or pre-funded warrants to certain investors. All securities in the proposed offering will be sold by Protara.

J.P. Morgan, TD Cowen, and Piper Sandler are serving as joint book-running managers for the offering. Protara also plans to grant underwriters a 30-day option to purchase additional common shares at the public offering price, less underwriting discounts and commissions.

The company intends to use proceeds from the offering to fund clinical development of its TARA-002 program and other clinical initiatives. Funds may also be allocated to working capital and general corporate purposes.

The offering remains subject to market conditions, with no guarantee regarding its completion timeline or final terms.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Dj Meta Plans To Shift Spending Away From The Metaverse

Reuters

Meta Platforms

+3.49%

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Commvault stock falls after CFO announces departure

Investing.com

Investing.com -- Commvault Systems Inc (NASDAQ:CVLT) stock fell 3.7% in after-hours trading Thursday following the announcement that Chief Financial Officer Jen DiRico will be leaving the company at year-end to pursue another opportunity.

The cyber resilience solutions provider has initiated a comprehensive search for a new CFO. In the interim, President and CEO Sanjay Mirchandani will oversee a newly established Office of the CFO, which includes Vice President of Finance Kevin White and Chief Accounting Officer Danielle Abrahamsen.

"I want to thank Jen for her partnership and wish her the best," Mirchandani said in a statement. He emphasized that the company will continue executing on its financial objectives with support from its "seasoned leadership team, industry-leading cyber resilience solutions, and strong financial performance."

DiRico, who will remain with the company through December, stated: "Commvault is in an enviable market position as it leads the way in cyber resilience. The company empowers customers to recover fast, confidently move to the cloud, and embrace AI. It’s been an honor to be part of the company’s journey."

Commvault reaffirmed its previous financial outlook as disclosed in its second quarter earnings results on October 28. The company expects to report its third quarter 2026 results in late January 2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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SITE Centers stock jumps after announcing $1 special dividend

Investing.com

NVIDIA

+2.12%

SITE Centers Corp. Common Shares

Advanced Micro Devices

-0.80%

Investing.com -- SITE Centers Corp (NYSE:SITC) stock rose 3.2% in after-hours trading Thursday after the company announced a special cash distribution and plans to repay debt while providing an update on its disposition strategy.

The shopping center REIT declared a special cash dividend of $1.00 per common share, payable on December 30, 2025, to shareholders of record on December 15, 2025. Additionally, the company plans to use approximately $84.1 million of cash on hand to fully repay a mortgage facility with affiliates of Atlas SP Partners and Athene Annuity and Life Company.

SITE Centers has sold $3.7 billion in assets since announcing the spin-off of Curbline Properties in October 2023, representing 64 retail properties and one land parcel. The company has declared over $380 million in special dividends to shareholders during this period, amounting to $7.39 per share.

The company currently owns 11 wholly-owned properties and holds interests in 11 joint venture properties. SITE Centers is in contract negotiations to sell four wholly-owned properties and one joint venture interest, with plans to market its remaining wholly-owned retail properties in the near future.

"Based on the strong private market demand for retail properties, our proven ability to execute on asset dispositions and the declining scale of the current portfolio, SITE Centers and its Board of Directors believe that the marketing and sale of its remaining portfolio and the monetization of its joint venture investments offers the best opportunity to continue maximizing shareholder value," said David R. Lukes, President and Chief Executive Officer.

The company intends to maintain its NYSE listing while compliant with requirements but expects to voluntarily delist before reaching automatic delisting thresholds to reduce expenses and maximize shareholder distributions. Following asset monetization, SITE Centers plans to file a certificate of dissolution, commencing a five-year statutory wind-up period.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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After-hours movers: HPE, Ulta Beauty, SoFi, Rubrik and more

Investing.com

Hewlett Packard Enterprise

+2.88%

After-hours movers:

Hewlett Packard Enterprise (HPE) fell 4% after it’s quarterly revenue trailed estimates and it gave disappointing guidance. Revenue for the quarter came in at $9.7 billion versus the consensus estimate of $9.9 billion.

Ulta Beauty (ULTA) rose 5% after it delivered strong quarterly EPS and revenue and raised guidance. Ulta Beauty reported Q3 EPS of $5.14, $0.62 better than the analyst estimate of $4.52. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.7 billion.

SentinelOne (S) fell 7.5% after guidance missed expectations. SentinelOne sees Q4 2026 revenue of $271 million, versus the consensus of $273.5 million.

Docusign (DOCU) fell 4% despite quarterly figures that came in above estimates. Revenue for the quarter came in at $818.4 million versus the consensus estimate of $807.09 million.

Rubrik (RBRK) rose 12% after publishing strong quarterly results. Rubrik reported Q3 EPS of $0.10, $0.27 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $350.2 million, versus $320 million reported last year.

SoFi Technologies (SOFI) fell 4% after it announced an underwritten public offering of $1.5 billion of shares of its common stock.

Praxis Precision Medicines (PRAX) surged 25% after the EMBOLD study was stopped early after relutrigine shows efficacy.

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