Roblox Corporation’s recent filing unveils that its Officer Michael Guthrie acquired Company’s shares for reported $1.24 million on Oct 07 ’24. In the deal valued at $41.39 per share,30,000 shares were bought.
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Then, Baszucki Gregory sold 13,000 shares, generating $620,792 in total proceeds. Upon selling the shares at $47.75, the Director now owns 9,662,103 shares.
Before that, GREG AND CHRISTINA BASZUCKI LI bought 13,000 shares. Roblox Corporation shares valued at $612,430 were divested by the Director at a price of $47.11 per share.
BTIG Research reiterated its Roblox Corporation [RBLX] rating to a Buy in a research note published on September 09, 2024; the price target was $51. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. Macquarie started covering the stock on June 14, 2024. It rated RBLX as “an Outperform”.
Price Performance Review of RBLX
On Monday, Roblox Corporation [NYSE:RBLX] saw its stock fall -1.43% to $41.39. Over the last five days, the stock has lost -6.48%. Roblox Corporation shares have fallen nearly -9.47% since the year began. Nevertheless, the stocks have risen 38.80% over the past one year. While a 52-week high of $48.43 was reached on 09/25/24, a 52-week low of $29.08 was recorded on 05/09/24. SMA at 50 days reached $42.56, while 200 days put it at $39.60.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 41.13, which if violated will result in even more drops to 40.86. On the upside, there is a resistance level at 41.80. A further resistance level may holdings at 42.20. The Relative Strength Index (RSI) on the 14-day chart is 36.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.25%. Stochastics %K at 9.02% indicates the stock is a buying.
How much short interest is there in Roblox Corporation?
A steep rise in short interest was recorded in Roblox Corporation stocks on 2024-09-13, growing by 2.18 million shares to a total of 22.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 20.37 million shares. There was a rise of 9.67%, which implies that there is a positive sentiment for the stock.
