From May 10 to 20 of this year Roblox (RBLX) stock stays flat with little fluctuations. In this period the stock varies between $74 and $77; From May 21 to June 4, 2021, it starts gradually rises by reaching the highest point of $103,19. However, in three days, the stock plummets again. Today, the stock is near $89.80.
Roblox Corp. announces its dropping 7.1% in wide trading after the video-game company’s report. In May bookings are expected to be between $216 million and $219 million, in April the bookings vary between $242 million and $245 million with a decline of 11%.
According to the publication of the month’s key metrics, daily active users were 43 million in May, less than 43.3 million in April, however up to 28% each year. On Tuesday, Roblox stock increased by 2.3 %. Since the company’s initial public offering in March, the stock has more than double.