Advertisement

Why Roblox Tumbled This Week

Why Roblox Tumbled This Week

Shares of Roblox (NYSE: RBLX) have tumbled 15% from where they finished trading last week as of 1 p.m. ET today, according to data from S&P Global Market Intelligence, on no news specific to the game company. The stock indexes also approaching correction levels earlier in the week on fears of interest rate hikes and economic decline likely also contributed to the downward trajectory of Roblox's stock. Interest in Roblox is still being driven by the potential it has for being a metaverse winner.