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Benzinga
Benzinga
Technology
Joel Elconin

Breaking Down The Roblox Rally In A Market Looking For Good News

Roblox PreMarket Prep NYSE Roblox Corp Dennis Dick

The highly valued growth technology sector needed a catalyst to jumpstart it, and it got one live during Monday’s PreMarket Prep show. That catalyst came from Roblox Corp (NYSE:RBLX), which is the PreMarket Prep Stock of the Day.

Roblox Holding Up Well: It is hard to say an issue is holding up well when it made an all-time high last November at $141.60 and closed on Friday at $35.56. It's true, though — least from a relative strength standpoint since May, when many other issues in the sector bottomed as well.

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