Meta Platforms, Inc. (NASDAQ:META) shares are moving on Wednesday as the stock continues to climb following the release of the company's new app, Threads.

What To Know:

According to data from Benzinga Pro, META shares have gained nearly 5% since the release of Threads on July 6 and are up over 16% in the last 30 days.  More than 14.7 million shares of META have been traded on Wednesday compared to the 100-day average of 23.7 million shares.

Threads has had a very successful launch with Meta's newest social media app receiving over 100 million sign-ups in the first five days of its release. 

Meta will announce its second quarter financial results on July 26 after the close of markets and will hold a conference call to discuss the results at 5:00 p.m. ET the same day. 

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META Price Action: According to data from Benzinga Pro, shares of Meta are trading 2.95% higher at $307.08 at the time of publication.

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