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MoffettNathanson downgrades Roblox Corporation (RBLX) stock to a Sell

Roblox Corporation’s filing revealed that its Officer Kaufman Matthew D acquired Company’s shares for reported $0.34 million on Mar 20 ’25. In the deal valued at $57.50 per share,6,000 shares were bought.

Then, Baszucki David sold 34,099 shares, generating $1,945,226 in total proceeds. Upon selling the shares at $57.05, the President & CEO now owns 221,983 shares.

Before that, Baszucki David sold 6,819 shares. Roblox Corporation shares valued at $388,999 were divested by the President & CEO at a price of $57.05 per share. As a result of the transaction, Baszucki David now holds 875 shares, worth roughly $53532.5.

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 Monday, Roblox Corporation [NYSE:RBLX] saw its stock jump 0.03% to $61.18. Over the last five days, the stock has gained 7.39%. Roblox Corporation shares have risen nearly 5.74% since the year began. Nevertheless, the stocks have risen 61.77% 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 03/10/25. SMA at 50 days reached $63.35, while 200 days put it at $49.86.

Levels Of Support And Resistance For RBLX Stock

The 24-hour chart illustrates a support level at 60.48, which if violated will result in even more drops to 59.77. On the upside, there is a resistance level at 62.19. A further resistance level may holdings at 63.20. The Relative Strength Index (RSI) on the 14-day chart is 53.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.28%. Stochastics %K at 66.98% 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 2025-02-28, dropping by -6.63 million shares to a total of 17.94 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 24.56 million shares. There was a decline of -36.94%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .

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