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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Roblox Shares Popping Off Today?

Roblox Roblox Corp Recession

Roblox Corp (NYSE:RBLX) shares are trading sharply higher by 12.06% to $39.30 during Tuesday's trading session. Shares of several technology and software companies at large are trading higher Tuesday amid volatility in stocks as traders assess the possibility of a recession. 

Growth companies at large are also trading higher amid a drop in yields. A drop in yields will increase the present value of future cash flows, which can raise growth stock valuations.

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