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Why Roblox Stock Broke to New Highs This Week

TheMotleyFool

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Why Roblox Stock Broke to New Highs This Week

Shares of Roblox (NYSE: RBLX) were trading up 13.6% week to date as of 1:47 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. The stock initially took off after the company's better-than-expected third-quarter earnings results on Nov. 8. But earlier this week, management outlined its long-term vision to significantly expand its market potential, and investors walked away feeling even more optimistic about the company's prospects.

The stock is now up 83% since its initial listing earlier this year.