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Benzinga
Benzinga
Business
Henry Khederian

Why Roblox Shares Are Falling Today

Roblox NYSE Roblox Corp

Roblox Corp (NYSE:RBLX) shares are trading lower by 9.68% at $27.15. Roblox is falling after Atlantic Equities downgraded the stock from Overweight to Neutral and announced a $30 price target.

Roblox is also experiencing marked weakness after social media peer Snap Inc (NYSE:SNAP) filed a Form 8-K with the U.S. Securities and Exchange Commission showing it expects to miss its previously-issued guidance.

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