Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

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Today's session highlighted significant options activity in the Communication Services sector, with notable trades on DJT, META, NFLX, PARA, DIS, SNAP, ROKU, GOOGL, and RBLX. The activity ranged from neutral to bullish and bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This options activity could indicate market expectations and potential movements for these stocks.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:35 pm

Benzinga's Stock Whisper Index highlights five stocks: Rent the Runway (RENT), Rallybio Corp (RLYB), Constellation Energy Corp (CEG), Roblox Corp (RBLX), and Chipotle Mexican Grill (CMG). RENT's stock soared with positive Q4 results and guidance. RLYB shares jumped after a development agreement with Johnson & Johnson (JNJ). CEG's stock is up 148% over the past year, with strong Q4 results. RBLX is gaining interest ahead of Q1 results, partly due to a new advertising strategy with PubMatic Inc (PUBM). CMG's stock is near all-time highs, with a proposed 50-for-1 stock split.

Portfolio Pulse from Chris Katje

April 12, 2024 | 3:26 pm

Roblox Corporation (RBLX) shares rose 2.6% following efforts to boost advertising sales. Other stocks like Dogness (DOGZ), Murano Global Investments (MRNO), and Aurora Cannabis (ACB) also saw significant gains. TAL Education Group (TAL) and others are expected to release financial results soon, contributing to their stock movements.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 2:56 pm

Roblox Corp (NYSE:RBLX) shares increased following reports of intensified efforts to attract advertisers, including a collaboration with PubMatic Inc (NASDAQ:PUBM) to enhance video ad sales. The partnership aims to streamline the ad buying process on Roblox, targeting users aged 13 and older, with realm creators receiving a share of ad revenues. Roblox plans to report its Q1 financial results on May 9, with an expected quarterly loss of 53 cents per share and revenue of $922.977 million.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 1:01 pm

Roblox is intensifying its efforts to attract advertising revenue by partnering with ad-tech firm PubMatic to facilitate the sale of video ads displayed on virtual billboards within its platform, which boasts over 71 million daily users. This strategic move aims to diversify Roblox's revenue streams amid a broader tech industry trend of seeking additional income through advertising.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:00 pm

Cathie Wood's Ark Invest sold $6.4M worth of Coinbase (COIN) shares despite the stock's positive market movement and an analyst upgrade from Oppenheimer. The trades involved ARKK and ARKW ETFs selling shares of COIN. The same day, ARKF bought shares of SOFI and RBLX, sold TWLO shares, ARKG bought TXG and VERV shares, and ARKW bought ROKU shares and sold TWLO shares.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 3:03 am

Roblox Corp. (NYSE:RBLX) faces criticism for allegedly exploiting young developers by paying them a fraction of their in-game earnings. Roblox Studio head Stefano Corazza defends the platform, presenting it as an opportunity for global employment and income generation. Despite some developers making significant sums, the majority earn much less, with Roblox paying out less than 30% of game earnings to creators.

Portfolio Pulse from Franca Quarneti

April 04, 2024 | 10:04 pm

Today's session highlighted significant options activity for 10 communication services stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include GOOGL, T, NFLX, META, TKO, BIDU, SNAP, GOOG, RBLX, and TTD, with various sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:35 pm

Deep-pocketed investors have shown a bullish sentiment towards Roblox (NYSE:RBLX), with options market activity indicating a focus on a price band between $25.0 and $70.0. Benzinga's tracking revealed 9 significant options activities, with a mix of bullish and bearish sentiments. The trading volume and open interest suggest heightened interest in RBLX's options. Roblox's current market position shows a trading volume of 2,764,176 and a price decrease of -2.48%, with an RSI indicating a neutral position. An earnings announcement is expected in 36 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

Roblox's (NYSE:RBLX) short interest has increased by 9.66% since the last report, with 17.18 million shares sold short, representing 4.2% of its float. This indicates a bearish market sentiment towards RBLX, although it's higher than its peer group average of 3.97%. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can be bullish.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 5:45 pm

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