Why Roblox Stock Was Down This Morning Before Rallying in the Afternoon

What happenedShares of Roblox (NYSE: RBLX) were down about 5% after the market opened on Tuesday but had erased those losses by the early afternoon. The culprit was Barclays analyst Mario Lu, who initiated coverage of Roblox with an underweight rating and a price target of $20.

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RTC on X: Roblox stock keeps going down and hitting new all time lows 😞 📉 Some investors hope that the stock will rise again for a “long term investment” /