Roblox Corporation’s recent filing unveils that its Chief Financial Officer Guthrie Michael unloaded Company’s shares for reported $1.24 million on Oct 07 ’24. In the deal valued at $41.50 per share,30,000 shares were sold. As a result of this transaction, Guthrie Michael now holds 352,844 shares worth roughly $14.22 million.
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Then, Michael Guthrie bought 30,000 shares, generating $1,241,700 in total proceeds.
Before that, Baszucki Gregory sold 13,000 shares. Roblox Corporation shares valued at $620,792 were divested by the Director at a price of $47.75 per share. As a result of the transaction, Baszucki Gregory now holds 9,662,103 shares, worth roughly $389.48 million.
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 jump 0.95% to $40.31. Over the last five days, the stock has lost -1.18%. Roblox Corporation shares have fallen nearly -11.83% since the year began. Nevertheless, the stocks have risen 27.28% over the past one year. While a 52-week high of $48.43 was reached on 09/25/24, a 52-week low of $29.55 was recorded on 05/09/24. SMA at 50 days reached $43.01, while 200 days put it at $39.41.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 39.72, which if violated will result in even more drops to 39.14. On the upside, there is a resistance level at 40.63. A further resistance level may holdings at 40.96. The Relative Strength Index (RSI) on the 14-day chart is 38.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.75%. Stochastics %K at 37.41% 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 2024-09-30, growing by 9.18 million shares to a total of 31.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 21.98 million shares. There was a rise of 29.45%, which implies that there is a positive sentiment for the stock.
