Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roblox Corporation shares valued at $1,581,348 were sold by Reinstra Mark on Jan 22 ’25. At $65.89 per share, Reinstra Mark sold 24,000 shares. The insider’s holdings dropped to 281,161 shares worth approximately $19.7 million following the completion of this transaction.
Also, Baszucki Gregory sold 26,000 shares, netting a total of over 1,713,015 in proceeds. Following the sale of shares at $65.89 each, the insider now holds 9,389,338 shares.
Before that, GREG AND CHRISTINA BASZUCKI LI had added 26,000 shares to its account. In a trade valued at $1,718,600, the Director bought Roblox Corporation shares for $66.10 each.
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 surge of approximately 6.18%. Over the course of the year, Roblox Corporation shares have jumped approximately 21.12%. Shares of the company reached a 52-week high of $70.68 on 01/29/25 and a 52-week low of $57.02 on 01/02/25. A 50-day SMA is recorded $58.74, while a 200-day SMA reached $44.74. Nevertheless, trading volume fell to 6.45 million shares from 5.57 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 68.53, which, if violated, would cause prices to drop to 66.99. In the upper region, resistance lies at 71.15. The next price resistance is at 72.23. RSI (Relative Strength Index) is 81.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.27, which suggests the price will increase in the coming days. Percent R is at 5.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
