Roblox Corporation (NYSE:RBLX) hit a new all-time low of $41.15 on Monday, adding another almost 1% loss on the day, in addition to the 70.13% the stock has lost since reaching an all-time high of 141.60 on Nov. 22.
On Thursday, Cathie Wood-led Ark Investment Management added 506,738 Roblox shares to its portfolio, which boosted its exposure to the social gaming platform by about 10%. Assuming Ark Investment purchased the shares at the lowest price available that day, which was $45.20, the total purchase price for the shares was $22.9 million. When Roblox hit its low-of-day on Monday, those shares had lost about $1.9 million in value.
