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Here's Why Roblox Stock Was Falling This Week

The metaverse pioneer saw its stock price decline by double-digits after a significant announcement.

By Parkev Tatevosian, CFA – Dec 17, 2022 at 8:08AM EST

Roblox (RBLX 0.05%) disappointed investors with an update that had the stock falling during the week. Here are more details on why Roblox stock was falling.

*Stock prices used were the afternoon prices of Dec. 15, 2022. The video was published on Dec. 16, 2022.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has positions in Roblox. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Roblox Stock Quote
Roblox
NYSE: RBLX
$56.08
(-0.05%)-$0.03

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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