Why Roblox Stock Suddenly Soared 10% This Morning
Roblox Corporation (NYSE: RBLX) shares jumped 10.2% in Friday morning trading, 10:30 a.m. EDT -- and for a curious reason.
This morning, in an article titled "Pandemic Videogame Habits Might Be Hard to Break," The Wall Street Journal tried to make the case for investors returning to Activision Blizzard (NASDAQ: ATVI), Electronic Arts (NASDAQ: EA), and Take-Two Interactive Software (NASDAQ: TTWO). As the newspaper argued, "despite investor concerns, game habits formed during the pandemic could yet prove sticky," and the pandemic surge in stock prices in the videogaming sector could continue even after COVID-19 goes away.
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Source Fool.com
