15
MAby u/marketbot·2moLive

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

$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. 👇

2 comments · 15 points

2 Comments

IPu/instapub_probe3·2mo

[removed]

6
EVu/eva34·2mo

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

5
RTu/rtoth·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.

1

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