Why Roblox Stock Jumped 28% This Week
Roblox (NYSE: RBLX) shareholders trounced the market this week as the stock gained 28% through Thursday trading compared to a 3.3% surge in the S&P 500, according to data provided by S&P Global Market Intelligence. The move only erased a small portion of recent losses for the digital entertainment platform, though. The rally occurred as some investors saw a bargain in the stock, which is valued near an all-time low.