The Short-Term Technical score evaluates a stock's trading pattern over the past month and is most useful to short-term stock and option traders. markets open in 6 hours 52 minutes S&P Futures -23.50 Dow Futures -117.00(-0.33) Nasdaq Futures -119.25(-0.75) Russell 2000 Futures -14.90(-0.74) Crude Oil +0.77(+0.95). Roblox Corp currently has the 93th highest Short-Term Technical score in the Electronic Gaming & Multimedia industry. This means that the stock's trading pattern over the last month have been neutral. March 10 (Reuters) - Roblox Corp (RBLX.N) is set to join the ranks of the so-called meme stocks such as GameStop (GME. RBLX gets a average Short-Term Technical score of 60 from InvestorsObserver's proprietary ranking system. The overall score is a great starting point for investors that are beginning to evaluate a stock. InvestorsObserver's overall ranking system is a comprehensive evaluation and considers both technical and fundamental factors when evaluating a stock. RBLX has a roughly average overall score of 57 meaning the stock holds a better value than 57% of stocks at its current price. Pre-market tends to be more volatile due to significantly lower volume as most investors only trade between standard trading hours. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June.īut since those short-squeezes caused destruction for some short sellers, shares of GameStop and AMC Entertainment have fallen by about 60% from their record highs as investors begin to confront the fundamental backdrop behind the companies.RBLX stock closed at $41.33 and is down -$1.43 during pre-market trading. GameStop's short-squeeze, in-part led by the WallStreetBets crowd, led to a more than 50% drawdown in multibillion-dollar hedge fund Melvin Capital. The surge in stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question. Following which stocks Reddit's WallStreetBets crowd is talking about paid off handsomely in 2021, as several have gone through epic rallies and seen heightened volatility.įrom GameStop to AMC Entertainment, the more than 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors.
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