Roblox Corporation’s recent filing unveils that its President & CEO Baszucki David unloaded Company’s shares for reported $3.83 million on Apr 08 ’24. In the deal valued at $38.31 per share,100,000 shares were sold. As a result of this transaction, Baszucki David now holds 148,845 shares worth roughly $5.46 million.
Then, Baszucki David sold 61,668 shares, generating $2,362,655 in total proceeds. Upon selling the shares at $38.31, the President & CEO now owns 875 shares.
Before that, Guthrie Michael sold 30,000 shares. Roblox Corporation shares valued at $1,081,737 were divested by the Chief Financial Officer at a price of $36.06 per share. As a result of the transaction, Guthrie Michael now holds 396,709 shares, worth roughly $14.54 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 fall -4.46% to $36.66. Over the last five days, the stock has lost -4.08%. Roblox Corporation shares have fallen nearly -19.82% since the year began. Nevertheless, the stocks have fallen -19.78% over the past one year. While a 52-week high of $47.20 was reached on 02/08/24, a 52-week low of $24.88 was recorded on 04/03/24. SMA at 50 days reached $39.92, while 200 days put it at $36.96. A total of 7.04 million shares were traded, compared to the trading of 5.2 million shares in the previous session.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 35.86, which if violated will result in even more drops to 35.06. On the upside, there is a resistance level at 38.14. A further resistance level may holdings at 39.62. The Relative Strength Index (RSI) on the 14-day chart is 41.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.63%. Stochastics %K at 46.04% indicates the stock is a holding.
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.
