Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roblox Corporation shares valued at $9,923,960 were sold by Baszucki David on Jan 30 ’25. At $71.62 per share, Baszucki David sold 138,555 shares. The insider’s holdings dropped to 129,301 shares worth approximately $9.76 million following the completion of this transaction.
Also, Baszucki David sold 89,163 shares, netting a total of over 6,390,624 in proceeds. Following the sale of shares at $71.67 each, the insider now holds 129,301 shares.
Before that, Baszucki David had sold 62,351 shares from its account. In a trade valued at $4,465,872, the President & CEO traded Roblox Corporation shares for $71.62 each. Upon closing the transaction, the insider’s holdings decreased to 62,351 shares, worth approximately $66036.25.
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 7.69%. Over the course of the year, Roblox Corporation shares have jumped approximately 30.44%. Shares of the company reached a 52-week high of $75.74 on 02/05/25 and a 52-week low of $57.02 on 01/02/25. A 50-day SMA is recorded $60.82, while a 200-day SMA reached $45.63. Nevertheless, trading volume fell to 13.57 million shares from 9.08 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 74.05, which, if violated, would cause prices to drop to 72.62. In the upper region, resistance lies at 76.32. The next price resistance is at 77.16. RSI (Relative Strength Index) is 85.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.37, which suggests the price will increase in the coming days. Percent R is at 2.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
