The Latest Breaking News from Roblox Corporation

The leading video game platform Roblox (RBLX) has garnered significant popularity among youngsters. However, its shares slumped significantly in price in 2022, reflecting its poor fundamental performance. So, would it be wise to buy the stock now? Let’s discuss.

Meme stocks gained attention last year, with the shares of numerous fundamentally poor companies soaring to unsustainable price levels owing solely to retail traders' interest in them. However, the gains by these stocks could not be sustained for long, with the prices of many plummeting back to earth this year.…

Roblox Corporation (NYSE: RBLX) shot up over 6% on Monday, after breaking up bullishly from a falling channel pattern on April 28, which Benzinga called out earlier t

Roblox Corporation (NYSE: RBLX) reached a new all-time low of $29.52 on Thursday as it continued its descent in a descending channel pattern on the daily chart. The pattern is bearish for the short term but can be bullish down the road.

Due to the recent tech selloff, renowned investor Cathie Wood’s flagship Ark innovation ETF has retreated from its 2021 highs this year. However, accelerated digitalization, increasing tech dependence, and growing IT spending should allow Wood’s portfolio to rebound quickly. Given these factors, Wall Street analysts expect Wood’s beaten-down tech stock…

Roblox Corporation (NYSE: RBLX) retested its all-time low near the $36 level on Wednesday, plunging over 12% lower in a continued downtrend that the stock has been trading in since March 23.

Roblox Corporation Class A Common Stock's (NYSE:RBLX) short percent of float has risen 19.44% since its last report. The company recently reported that it has 28.02 million shares sold short, which is 9.03% of all regular shares that are available for trading.

Shares of RBLX are currently trading at less than $50, reflecting the company’s poor fundamentals. And given the massive investments required to grow in a highly competitive industry, the question is, can the stock’s price rebound? Read on to learn our view.

Roblox Corporation Class A Common Stock's (NYSE:RBLX) short percent of float has risen 21.74% since its last report. The company recently reported that it has 23.16 million shares sold short, which is 7.56% of all regular shares that are available for trading.