Roblox (NYSE:RBLX) stock is on the rise Tuesday despite a lack of news from the gaming and game development platform.
While it’s unclear what’s happening with RBLX shares today, we are seeing some decent trading this morning. That includes some 10 million shares changing hands. This is still below it’s daily average trading volume of 20.1 million shares, but isn’t a bad start to the day.
Maybe investors over on Twitter have a better idea as to why shares of RBLX stock are on the move today. Let’s check out what they have to say below!
RBLX Stock Twitter Talk
I'd expect $BBBY to be higher on $KSS acquisition headlines and $RBLX to be higher on $ATVI acquisition headlines
— Quoth the Raven (@QTRResearch) January 18, 2022
$RBLX moving up 5%+ in pre-mkt after $MSFT buying $ATVI news.
— Luosheng Peng (@LuoshengPeng) January 18, 2022
Love the relative strength of $Rblx today. Must watch how it performs on the next days, but just noticing a good price action.
— Alex AB (@alex_asbo) January 18, 2022
I have a hunch @Microsoft bought @ATVI_AB because @Roblox wouldn’t sell. MSFT wants to own the #Metaverse and gaming creator platform for commerce. They missed the mark. $atvi $rblx
— indieloma (@indieloma) January 18, 2022
Platforms are the future of gaming. $MSFT Game Pass for access to high quality IP at one reasonable price + $RBLX and @EpicGames for UGC. Consumers will still use @Steam and others for one-off purchases, but the majority of $ will accrue to platforms over next 5 years.
— Thomas Reiner (@treiner5) January 18, 2022
So it looks like RBLX stock is running higher on Tuesday thanks to the news that Microsoft (NASDAQ:MSFT) is acquiring Activision Blizzard (NASDAQ:ATVI). That makes sense as we’ve seen stocks run higher in symphony with others in the same sector before.
And there’s no denying that today’s news has ATVI stock taking off. The company’s shares are sitting 27.3% higher as of Tuesday morning. RBLX stock isn’t quite that high but the gaming platform has seen its shares increase 2.1% at the same time.
Investors seeking more stock market news for Tuesday are in luck!
We’ve got all the most recent news that traders need to know about for today! That includes BlackRock (NYSE:BLK) CEO Larry Fink’s annual letter, what’s happening with Social Capital Suvretta Holdings III (NASDAQ:DNAC), as well as Walmart (NYSE:WMT) prepping metaverse plans. you can learn all about these matters from the following links!
More Stock Market News for Tuesday
- 13 Top Takeaways From BlackRock CEO Larry Fink’s Annual Letter
- DNAC Stock Alert: Chamath Palihapitiya’s SPAC Preps for ProKidney Merger
- Walmart Crypto News: What to Know as WMT Preps to Enter the Metaverse
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
