Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roblox Corporation shares valued at $1,442,640 were purchased by MARK REINSTRA on Dec 23 ’24. At $60.11 per share, MARK REINSTRA acquired 24,000 shares.
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Also, Bronstein Manuel sold 44,888 shares, netting a total of over 2,693,805 in proceeds. Following the sale of shares at $60.01 each, the insider now holds 573,266 shares.
Before that, Reinstra Mark had sold 5,000 shares from its account. In a trade valued at $300,000, the Chief Legal Off. & Corp. Sec. traded Roblox Corporation shares for $60.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $16.57 million.
As published in their initiating research note from HSBC Securities on December 12, 2024, Roblox Corporation [RBLX] has been a Buy and the price target has been revised to $63. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early November. As of September 09, 2024, BTIG Research has reiterated its “Buy” rating for RBLX. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for RBLX stock.
Analyzing RBLX Stock Performance
During the last five days, there has been a drop of approximately -2.86%. Over the course of the year, Roblox Corporation shares have jumped approximately 30.14%. Shares of the company reached a 52-week high of $61.77 on 12/16/24 and a 52-week low of $29.55 on 05/09/24. A 50-day SMA is recorded $51.33, while a 200-day SMA reached $41.97. Nevertheless, trading volume fell to 2.07 million shares from 4.41 million shares the previous day.
Support And Resistance Levels for Roblox Corporation (RBLX)
According to the 24-hour chart, there is a support level at 58.42, which, if violated, would cause prices to drop to 57.29. In the upper region, resistance lies at 60.16. The next price resistance is at 60.77. RSI (Relative Strength Index) is 62.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 31.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
