Check Out What Whales Are Doing With RBLX
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Roblox (NYSE:RBLX), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $30.0 to $55.0 for Roblox over the last 3 months. The price of RBLX is currently down -5.53% at $42.38. Needham downgraded its action to Buy with a price target of $48, while Truist Securities maintained their Hold rating with a price target of $45.
July 20, 2023 | 3:01 pm
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Roblox (NYSE:RBLX) has seen a bearish stance from a whale investor, with 72% of the spotted trades being bearish. The price of RBLX is currently down -5.53% at $42.38. Needham downgraded its action to Buy with a price target of $48, while Truist Securities maintained their Hold rating with a price target of $45.
The bearish stance from a whale investor, coupled with the current downward trend in price, indicates a potential short-term negative impact on the stock. Additionally, the downgrade from Needham and the maintained Hold rating from Truist Securities could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100