Roblox (RBLX) is Finally Trading
We’ve been patiently waiting for Roblox Corp. (RBLX) to make its NYSE debut, mainly because we like this company a lot. We featured the name on our January MegaTrends report.
Mentions of consumers (all ages) playing video games on Roblox’s unique platform have soared to impressive heights in the past year and are still trending +96% YoY on a 90d moving average.
Yesterday, RBLX shares surged higher from their initial listing price, and that uptrend has continued today, with the high-profile ETF ‘ARK Next Generation’ (ARKW) purchasing 500,000 shares.
Depending on your risk tolerance you might consider a starter position in this promising new stock. Just keep in mind that volatility will be high for the next few months..