Meta Platforms Inc. (META · NASDAQ)

Meta Platforms shares fell 7.0% on the day and are down 16.6% over the past month to $648.85, leaving the stock near oversold territory (RSI 30) on 2.0x average volume. The pressure coincides with a September quarter in which revenue grew to $64.60B but operating income fell to $12.99B from $18.77B sequentially, and capex of $33.94B pushed free cash flow negative at -$1.16B. Full-year earnings are down 13.4% YoY despite 28.0% revenue growth on a TTM base of $228.25B, and the company beat estimates in three of its last four quarters, including a 13.5% beat in the most recent print. Leverage remains modest at 1.0x debt/EBITDA with a 1.90 current ratio, and the stock trades at 23.8x earnings against an analyst target of $817.87.