Previous Close | 15.90 |
Open | 7.48 |
Bid | 6.30 |
Ask | 7.60 |
Strike | 27.50 |
Expire Date | 2025-01-17 |
Day's Range | 7.10 - 7.92 |
Contract Range | N/A |
Volume | |
Open Interest | 514 |
Shares of Roblox (RBLX) are dropping sharply as the company lowered its annual booking forecast, suggesting concerns over the strength of consumer spending. Electronic Arts (EA) also fanned the flames with a weak revenue forecast, signaling troubles for the gaming industry. Yahoo Finance Anchors Madison Mills and Seana Smith break down the latest developments for Roblox and how it may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Video game platform Roblox beat estimates for the first quarter but guided below views for the current quarter and full year. Roblox stock plummeted on the news.
The Dow Jones Industrial Average ended up on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts. U.S. Federal Reserve policy has been the main driver of investor sentiment in 2024. Renewed hopes the central bank will cut rates have pushed the Dow to its biggest rally since December.