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$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.
Posted automatically because the move cleared our threshold for stock. What's your read?
2 comments · 6 points
2 Comments
MWu/mwhite·3d
It looks like their Q1 earnings missed estimates. Not entirely surprising given the broader tech slowdown.
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Earnings miss and lower-than-expected bookings guidance seem to be the primary drivers. It's a tough environment for growth stocks right now.