Roblox Corporation’s recently made public that its Chief Financial Officer Guthrie Michael unloaded Company’s shares for reported $1.72 million on Feb 11 ’25. In the deal valued at $65.94 per share,26,154 shares were sold. As a result of this transaction, Guthrie Michael now holds 417,079 shares worth roughly $ 27.57 million.
Then, Reinstra Mark sold 19,525 shares, generating $1,287,557 in total proceeds. Upon selling the shares at $65.94, the Chief Legal Off. & Corp. Sec. now owns 339,206 shares.
Before that, Bronstein Manuel sold 26,149 shares. Roblox Corporation shares valued at $1,724,268 were divested by the Chief Product Officer at a price of $65.94 per share. As a result of the transaction, Bronstein Manuel now holds 659,163 shares, worth roughly $43.57 million.
MoffettNathanson downgraded its Roblox Corporation [RBLX] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering RBLX and has increased its forecast on November 04, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BTIG Research maintained its rating on September 09, 2024. It rated RBLX as “a Buy”.
Price Performance Review of RBLX
On Tuesday, Roblox Corporation [NYSE:RBLX] saw its stock fall -0.97% to $66.10. Over the last five days, the stock has gained 1.61%. Roblox Corporation shares have risen nearly 14.24% since the year began. Nevertheless, the stocks have risen 49.75% over the past one year. While a 52-week high of $75.74 was reached on 02/05/25, a 52-week low of $29.55 was recorded on 01/02/25. SMA at 50 days reached $63.32, while 200 days put it at $46.84.
Levels Of Support And Resistance For RBLX Stock
The 24-hour chart illustrates a support level at 64.79, which if violated will result in even more drops to 63.48. On the upside, there is a resistance level at 67.29. A further resistance level may holdings at 68.48. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.28%. Stochastics %K at 41.47% indicates the stock is a holding.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
