Roblox Corporation’s recent filing unveils that its President & CEO Baszucki David unloaded Company’s shares for reported $5.85 million on Jun 10 ’24. In the deal valued at $35.12 per share,166,666 shares were sold. As a result of this transaction, Baszucki David now holds 142,260 shares worth roughly $5.01 million.
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Then, Baszucki David sold 74,999 shares, generating $2,633,987 in total proceeds. Upon selling the shares at $35.12, the President & CEO now owns 875 shares.
Before that, Guthrie Michael sold 59,100 shares. Roblox Corporation shares valued at $2,082,920 were divested by the Chief Financial Officer at a price of $35.24 per share. As a result of the transaction, Guthrie Michael now holds 374,633 shares, worth roughly $13.18 million.
Macquarie initiated its Roblox Corporation [RBLX] rating to an Outperform in a research note published on June 14, 2024; the price target was $46. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who increased its forecast for the stock in early May from “a Sell” to “a Neutral”. JP Morgan also remained covering RBLX and has increased its forecast on April 23, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman revised its rating on February 08, 2024. It rated RBLX as “a Neutral” which previously was an “a Sell”.
Price Performance Review of RBLX
On Monday, Roblox Corporation [NYSE:RBLX] saw its stock fall -2.68% to $35.19. Over the last five days, the stock has gained 0.26%. Roblox Corporation shares have fallen nearly -23.03% since the year began. Nevertheless, the stocks have fallen -10.09% 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 05/09/24. SMA at 50 days reached $35.08, while 200 days put it at $36.84. A total of 5.62 million shares were traded, compared to the trading of 4.39 million shares in the previous session.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 34.61, which if violated will result in even more drops to 34.03. On the upside, there is a resistance level at 36.06. A further resistance level may holdings at 36.92. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.06%. Stochastics %K at 56.86% indicates the stock is a holding.
