Roblox Corporation’s filing revealed that its Chief Financial Officer Guthrie Michael unloaded Company’s shares for reported $1.08 million on Apr 03 ’24. In the deal valued at $36.06 per share,30,000 shares were sold. As a result of this transaction, Guthrie Michael now holds 396,709 shares worth roughly $15.16 million.
Then, Baszucki Gregory sold 13,000 shares, generating $489,304 in total proceeds. Upon selling the shares at $37.64, the Director now owns 9,760,603 shares.
Before that, Baszucki David sold 41,666 shares. Roblox Corporation shares valued at $1,523,085 were divested by the President & CEO at a price of $36.55 per share. As a result of the transaction, Baszucki David now holds 333,334 shares, worth roughly $12.74 million.
Goldman upgraded its Roblox Corporation [RBLX] rating to a Neutral from a a Sell in a research note published on February 08, 2024; the price target was increased to $48 from $35. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early February from “an Underweight” to “an Equal weight”. Needham also remained covering RBLX and reiterated its “Buy” recommendation on February 08, 2024. BMO Capital Markets started covering the stock on January 09, 2024. It rated RBLX as “an Outperform”.
Price Performance Review of RBLX
On Monday, Roblox Corporation [NYSE:RBLX] saw its stock jump 1.06% to $38.22. Over the last five days, the stock has gained 1.00%. Roblox Corporation shares have fallen nearly -16.40% since the year began. Nevertheless, the stocks have fallen -15.80% over the past one year. While a 52-week high of $47.65 was reached on 02/08/24, a 52-week low of $24.88 was recorded on 04/03/24. SMA at 50 days reached $40.03, while 200 days put it at $36.99. A total of 5.98 million shares were traded, compared to the trading of 5.56 million shares in the previous session.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 37.80, which if violated will result in even more drops to 37.38. On the upside, there is a resistance level at 38.66. A further resistance level may holdings at 39.10. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.53%. Stochastics %K at 53.07% indicates the stock is a holding.
How much short interest is there in Roblox Corporation?
A steep rise in short interest was recorded in Roblox Corporation stocks on Mar 15, 2024, dropping by -0.95 million shares to a total of 17.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 18.13 million shares. There was a decline of -5.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.35.
The most recent change occurred on December 13, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $49 price target.
