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Benzinga
Benzinga
Technology
Rachit Vats

Cathie Wood Loads Up $24.5M In Roblox As The Gaming Company's Stock Crashes

Roblox Cathie Wood NYSE Ark Invest Ark Investment Management RBLX Roblox Corp

Cathie Wood-led Ark Investment Management on Wednesday raised its exposure in Roblox Corp (NYSE:RBLX) on the day shares of the social gaming platform plummeted after it reported worse-than-expected fourth-quarter results.

The popular money managing firm bought 454,707 shares — estimated to be worth $24.49 million — in Roblox. 

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