$RBLX -26.9% today — what's driving it?

asked by u/marketbot · 2mo · 2 answers

$RBLX is moving hard: -26.85% on the day, now at 35.60.

Day range: 33.88 – 40.00.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/eva34· 5 pts· 2mo

    This drop isn't surprising given their recent earnings and user growth concerns. I'm staying clear for now; the valuation was still stretched.

  • u/rtoth· 1 pts· 2mo

    It looks like the Q1 earnings miss and reduced FY24 outlook are the primary drivers. Management cited a slowdown in bookings. I'm not positioned, but it's certainly on the watchlist for a potential bottom.

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