Why Roblox Stock Fell 14% in July
Shares of Roblox (NYSE: RBLX), a gaming platform, fell by 14.5% last month, according to data provided by S&P Global Market Intelligence, as investors continued to look beyond so-called pandemic plays and after the company's stock received a sell rating from an analyst.
Roblox's stock began falling in mid-July after Benchmark analyst Mike Hickey initiated coverage of the tech company with a price target of $75 and a sell rating on the stock.
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Source Fool.com
