In a filing, Roblox Corporation revealed its Chief Accounting Officer Rawlings Amy Marie unloaded Company’s shares for reported $0.12 million on Nov 04 ’24. In the deal valued at $52.90 per share,2,186 shares were sold. As a result of this transaction, Rawlings Amy Marie now holds 91,062 shares worth roughly $4.97 million.
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Then, Bronstein Manuel sold 37,846 shares, generating $1,969,119 in total proceeds. Upon selling the shares at $52.03, the Chief Product Officer now owns 674,259 shares.
Before that, Reinstra Mark sold 9,000 shares. Roblox Corporation shares valued at $465,120 were divested by the Gen. Counsel & Secretary at a price of $51.68 per share. As a result of the transaction, Reinstra Mark now holds 327,009 shares, worth roughly $17.84 million.
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 jump 4.12% to $54.56. Over the last five days, the stock has gained 9.12%. Roblox Corporation shares have risen nearly 19.34% since the year began. Nevertheless, the stocks have risen 43.39% over the past one year. While a 52-week high of $54.07 was reached on 11/11/24, a 52-week low of $29.55 was recorded on 05/09/24. SMA at 50 days reached $44.68, while 200 days put it at $39.91.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 52.93, which if violated will result in even more drops to 51.29. On the upside, there is a resistance level at 55.65. A further resistance level may holdings at 56.73. The Relative Strength Index (RSI) on the 14-day chart is 76.80, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.86%. Stochastics %K at 93.30% 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.
