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What Roblox Bulls Are Saying as RBLX Stock Trends Today

Roblox (NYSE:RBLX) stock is on the rise Tuesday despite a lack of news from the gaming and game development platform.

Roblox Stock IPO

Source: Miguel Lagoa / Shutterstock.com

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

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

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.


Article printed from InvestorPlace Media, https://investorplace.com/2022/01/what-roblox-bulls-are-saying-as-rblx-stock-trends-today/.

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