Roblox Corporation’s recent filing unveils that its Chief Legal Off. & Corp. Sec. Reinstra Mark unloaded Company’s shares for reported $1.43 million on Dec 23 ’24. In the deal valued at $59.75 per share,24,000 shares were sold. As a result of this transaction, Reinstra Mark now holds 278,161 shares worth roughly $16.54 million.
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Then, GREG AND CHRISTINA BASZUCKI LI bought 26,000 shares, generating $1,548,560 in total proceeds.
Before that, MARK REINSTRA bought 24,000 shares. Roblox Corporation shares valued at $1,442,640 were divested by the Officer at a price of $60.11 per share.
HSBC Securities initiated its Roblox Corporation [RBLX] rating to a Buy in a research note published on December 12, 2024; the price target was $63. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early November from “an Equal-weight” to “an Overweight”. BTIG Research also remained covering RBLX and reiterated its “Buy” recommendation on September 09, 2024. Wolfe Research started covering the stock on July 16, 2024. It rated RBLX as “a Peer perform”.
Price Performance Review of RBLX
On Friday, Roblox Corporation [NYSE:RBLX] saw its stock fall -0.80% to $59.45. Over the last five days, the stock has gained 0.92%. Roblox Corporation shares have risen nearly 30.03% since the year began. Nevertheless, the stocks have risen 26.89% over the past one year. While a 52-week high of $61.77 was reached on 12/16/24, a 52-week low of $29.55 was recorded on 05/09/24. SMA at 50 days reached $52.07, while 200 days put it at $42.16.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 58.54, which if violated will result in even more drops to 57.62. On the upside, there is a resistance level at 60.16. A further resistance level may holdings at 60.86. The Relative Strength Index (RSI) on the 14-day chart is 61.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.66%. Stochastics %K at 67.02% 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 2024-12-13, dropping by -0.14 million shares to a total of 25.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 25.25 million shares. There was a decline of -0.57%, which implies that there is a negative sentiment for the stock.
