Meta Platforms Inc. (NASDAQ:META) stock is trading down in Thursday’s regular trading, extending losses to 9.13% over the past five days.

The decline appears connected to broader weakness across major indexes. The Nasdaq-100 fell 1.32% to 24,561, while the S&P 500 dropped 1.04% to 6,810.

Earnings Strength Fades

Meta’s current weakness contrasts with its post-earnings performance following fourth-quarter results released January 29. Shares surged 9.24% to $730.50 that day after the company reported earnings per share of $8.88, beating the consensus estimate of $8.16, and revenue of $59.89 billion, exceeding the $58.29 billion estimate, according to a Benzinga report.

JP Morgan analyst Doug Anmuth maintained an Overweight rating with an $825 price target in a note released ...