Roblox Corp (RBLX) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Roblox Corp (RBLX) stock lately. RBLX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Roblox Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RBLX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With RBLX Stock Today?

Roblox Corp (RBLX) stock is lower by -0.52% while the S&P 500 has gained 0.01% as of 10:50 AM on Thursday, Jan 12. RBLX is lower by -$0.17 from the previous closing price of $32.90 on volume of 2,783,759 shares. Over the past year the S&P 500 has fallen -15.77% while RBLX is lower by -63.24%. RBLX lost -$1.31 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Roblox Corp click here.

More About Roblox Corp

Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises. Roblox is increasingly focused on creating a "metaverse" that moves beyond games toward experiences like concerts, education, and even business management. Click Here to get the full Stock Report for Roblox Corp stock.