Meta share price gains for 20 consecutive days; will stock streak continue?

Despite big shake-ups to its Magnificent Seven colleagues, Meta’s shares have been on one of the best winning streaks in stock market history

Virtual hand in the metaverse, pointing to an upward-trending share price chart
(Image credit: Lemon_tm via Getty Images)

Meta’s share price has increased for 20 consecutive sessions – one of the longest winning runs in history.

Between 16 January, the last time Meta’s (NASDAQ:META) shares closed a session down on the previous day, and 14 February, the stock gained 20.5%, making it one of the top-performing stocks of the year so far. During this time, Meta’s stock has left its Magnificent Seven colleagues in the dust.

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Instrument

Trailing P/E ratio

Forward P/E ratio

Meta*

30.87

29.19

NASDAQ 100 average^

33.78

27.92

Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.