In a filing, Roblox Corporation revealed its Director Baszucki Gregory unloaded Company’s shares for reported $5.85 million on Oct 31 ’24. In the deal valued at $50.00 per share,117,000 shares were sold. As a result of this transaction, Baszucki Gregory now holds 9,532,103 shares worth roughly $476.61 million.
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Then, Guthrie Michael sold 10,000 shares, generating $494,355 in total proceeds. Upon selling the shares at $49.44, the Chief Financial Officer now owns 352,844 shares.
Before that, AMY RAWLINGS bought 2,186 shares. Roblox Corporation shares valued at $112,448 were divested by the Officer at a price of $51.44 per share.
Morgan Stanley upgraded its Roblox Corporation [RBLX] rating to an Overweight from a an Equal-weight in a research note published on November 04, 2024; the price target was increased to $65 from $38. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Buy”‘ rating for it. Wolfe Research began covering RBLX with “Peer perform” recommendation on July 16, 2024.
Price Performance Review of RBLX
On Monday, Roblox Corporation [NYSE:RBLX] saw its stock fall -2.80% to $50.00. Over the last five days, the stock has gained 18.20%. Roblox Corporation shares have risen nearly 9.36% since the year began. Nevertheless, the stocks have risen 48.99% over the past one year. While a 52-week high of $52.65 was reached on 11/04/24, a 52-week low of $29.55 was recorded on 05/09/24. SMA at 50 days reached $43.79, while 200 days put it at $39.61.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 48.96, which if violated will result in even more drops to 47.91. On the upside, there is a resistance level at 52.06. A further resistance level may holdings at 54.11. The Relative Strength Index (RSI) on the 14-day chart is 71.46, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.29%. Stochastics %K at 87.23% indicates the stock is a selling.
How much short interest is there in Roblox Corporation?
A steep rise in short interest was recorded in Roblox Corporation stocks on 2024-10-15, growing by 9.88 million shares to a total of 32.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 22.55 million shares. There was a rise of 30.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 14, 2024 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $46 price target.
