In a filing, Roblox Corporation revealed its Chief Accounting Officer Rawlings Amy Marie unloaded Company’s shares for reported $0.38 million on Jan 16 ’25. In the deal valued at $65.00 per share,5,879 shares were sold. As a result of this transaction, Rawlings Amy Marie now holds 75,528 shares worth roughly $4.99 million.
Then, Reinstra Mark sold 50,000 shares, generating $3,248,845 in total proceeds. Upon selling the shares at $64.98, the Chief Legal Off. & Corp. Sec. now owns 281,161 shares.
Before that, Lee Anthony P sold 250,000 shares. Roblox Corporation shares valued at $16,259,275 were divested by the Director at a price of $65.04 per share. As a result of the transaction, Lee Anthony P now holds 6,254,137 shares, worth roughly $413.4 million.
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 Tuesday, Roblox Corporation [NYSE:RBLX] saw its stock jump 0.87% to $66.10. Over the last five days, the stock has gained 7.71%. Roblox Corporation shares have risen nearly 14.24% since the year began. Nevertheless, the stocks have risen 69.97% over the past one year. While a 52-week high of $66.51 was reached on 01/21/25, a 52-week low of $29.55 was recorded on 01/02/25. SMA at 50 days reached $57.03, while 200 days put it at $43.86.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 65.53, which if violated will result in even more drops to 64.97. On the upside, there is a resistance level at 66.76. A further resistance level may holdings at 67.43. The Relative Strength Index (RSI) on the 14-day chart is 73.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.72%. Stochastics %K at 90.54% 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 2024-12-31, dropping by -6.67 million shares to a total of 21.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 27.96 million shares. There was a decline of -31.31%, which implies that there is a negative sentiment for the stock.
