Roblox Corporation’s recent filing unveils that its Director Baszucki Gregory unloaded Company’s shares for reported $1.55 million on Dec 26 ’24. In the deal valued at $59.70 per share,26,000 shares were sold. As a result of this transaction, Baszucki Gregory now holds 9,415,338 shares worth roughly $569.35 million.
Then, Reinstra Mark sold 24,000 shares, generating $1,433,947 in total proceeds. Upon selling the shares at $59.75, the Chief Legal Off. & Corp. Sec. now owns 278,161 shares.
Before that, GREG AND CHRISTINA BASZUCKI LI bought 26,000 shares. Roblox Corporation shares valued at $1,548,560 were divested by the Director at a price of $59.56 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 jump 2.77% to $60.47. Over the last five days, the stock has gained 0.90%. Roblox Corporation shares have risen nearly 4.51% since the year began. Nevertheless, the stocks have risen 44.29% over the past one year. While a 52-week high of $61.77 was reached on 01/03/25, a 52-week low of $29.55 was recorded on 01/02/25. SMA at 50 days reached $53.56, while 200 days put it at $42.58.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 59.40, which if violated will result in even more drops to 58.33. On the upside, there is a resistance level at 61.27. A further resistance level may holdings at 62.07. The Relative Strength Index (RSI) on the 14-day chart is 62.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.37%. Stochastics %K at 41.16% 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.
