Roblox Corporation’s filing revealed that its Officer MARK REINSTRA acquired Company’s shares for reported $0.35 million on Nov 25 ’24. In the deal valued at $49.38 per share,7,000 shares were bought.
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Then, Guthrie Michael sold 21,657 shares, generating $1,113,855 in total proceeds. Upon selling the shares at $51.43, the Chief Financial Officer now owns 331,187 shares.
Before that, Reinstra Mark sold 16,480 shares. Roblox Corporation shares valued at $847,593 were divested by the Gen. Counsel & Secretary at a price of $51.43 per share. As a result of the transaction, Reinstra Mark now holds 278,161 shares, worth roughly $13.67 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 fall -0.45% to $49.16. Over the last five days, the stock has lost -3.66%. Roblox Corporation shares have risen nearly 7.52% since the year began. Nevertheless, the stocks have risen 28.89% over the past one year. While a 52-week high of $55.10 was reached on 11/11/24, a 52-week low of $29.55 was recorded on 05/09/24. SMA at 50 days reached $46.06, while 200 days put it at $40.41.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 48.24, which if violated will result in even more drops to 47.33. On the upside, there is a resistance level at 49.78. A further resistance level may holdings at 50.41. The Relative Strength Index (RSI) on the 14-day chart is 50.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.08%. Stochastics %K at 17.69% 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 2024-10-31, dropping by -4.19 million shares to a total of 26.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 31.16 million shares. There was a decline of -15.53%, which implies that there is a negative 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.
