Will $META close over $300 a share on 10/26?
10
Ṁ227Ṁ1.5kresolved Oct 26
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Meta releases quarterly earnings at market close on Wednesday 10/25. This market resolves based on closing price on Thursday 10/26, the first full day of trading after earnings.
This question is managed and resolved by Manifold.
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Reasons for "NO"
1. The stock ended the day with a gain in after-hours on the 25th after better-than-expected results, but the CFO's reference to lower expected Q4 ad revenue will keep the price from exceeding 300.00 USD on the 26th.
2. We can see a descending triangle starting Oct 11 on the stock chart, representing even lower in the future.
3. The predicted price on Oct 26 is 299.62 USD on my forecast sheet in Excel, which is lower than the price of 300.00 USD.