Usman Salis
⬤ Meta Platforms (META) got hit with some serious institutional firepower on Monday when a block trade landed on the tape. We're talking 2.82 million shares in one shot, valued at about $1.7 billion. The stock was cruising around $635 when this order came through, and it didn't take long for the chart to react with some noticeable volatility.
⬤ Looking at the 1-minute chart, there's a clear volume explosion right after 1:18 PM EST—exactly when this massive buy went through. META printed a long red candle as the shares got absorbed, then settled into a range between $632 and $636. The rebound was quick but nothing dramatic, and the broader intraday trend didn't really flip.
⬤ After that initial shake-up, META slipped into tighter consolidation mode. The candle ranges got smaller, momentum cooled off, and the stock started making lower highs through the early afternoon. Even with all that liquidity coming in, the wider market forces seemed to keep control of the overall direction.
⬤ Block orders this size usually turn heads because they show institutional players making moves during regular trading hours. A $1.7 billion buy can shift sentiment around META pretty quickly and might hint at bigger interest building underneath. Whether this turns into a real catalyst or just stays a one-off event will depend on how META trades over the next few sessions.
Usman Salis
