Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roblox Corporation shares valued at $431,505 were sold by Baszucki Gregory on May 22 ’24. At $33.19 per share, Baszucki Gregory sold 13,000 shares. The insider’s holdings dropped to 9,734,603 shares worth approximately $322.31 million following the completion of this transaction.
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Also, Reinstra Mark sold 4,000 shares, netting a total of over 132,768 in proceeds. Following the sale of shares at $33.19 each, the insider now holds 342,656 shares.
Before that, Rawlings Amy Marie had sold 1,355 shares from its account. In a trade valued at $44,899, the Chief Accounting Officer traded Roblox Corporation shares for $33.14 each. Upon closing the transaction, the insider’s holdings decreased to 1,355 shares, worth approximately $3.22 million.
As published in a research note from MoffettNathanson on May 10, 2024, Roblox Corporation [RBLX] has been rated up from a Sell to a Neutral and the price target has been revised to $26. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of February 08, 2024, Goldman has increased its “Sell” rating to a “Neutral” for RBLX. Earlier on February 08, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for RBLX stock which previously was a “an Underweight”.
Analyzing RBLX Stock Performance
During the last five days, there has been a surge of approximately 1.72%. Over the course of the year, Roblox Corporation shares have dropped approximately -27.58%. Shares of the company reached a 52-week high of $47.11 on 02/08/24 and a 52-week low of $29.55 on 05/09/24. A 50-day SMA is recorded $35.92, while a 200-day SMA reached $36.22. Nevertheless, trading volume fell to 4.34 million shares from 4.44 million shares the previous day.
Support And Resistance Levels for Roblox Corporation (RBLX)
According to the 24-hour chart, there is a support level at 32.51, which, if violated, would cause prices to drop to 31.91. In the upper region, resistance lies at 33.51. The next price resistance is at 33.90. RSI (Relative Strength Index) is 44.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 15.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
