Why Roblox Shares Just Crashed Before Earnings
After three days of nonstop selling, major market indices made an attempt to turn from red to green on Tuesday, as the S&P 500 gained almost 2% -- before turning around, losing it all, and plunging back into losses. As of 12:35 p.m. ET, the S&P is down 0.6%.
Investors, I fear, are losing faith in the rally. With its stock down 8%, video gaming platform Roblox (NYSE: RBLX) investors are particularly pessimistic.
Image source: Roblox.
Source Fool.com
