Roblox surges to double-digit gain alongside retail chatter

Ian Tuttle/Getty Images Entertainment

• Roblox (NYSE:RBLX) built a steady surge throughout Tuesday to a 12.3% gain in the afternoon - along the way tagging its highest point in two and a half months.
• That's coming alongside a surge in talk about the stock on Reddit's WallStreetBets forum, the virtual home for a number of retail investor-driven "meme stock" rallies.
• And it's outstripping some other popular stocks discussed on the forum Tuesday. GameStop (GME) is down 2.1% despite heavy chatter in the group - and perennial WSB favorite AMC Entertainment (AMC) is 6.4% lower, despite some broadly positive weekend business in the movie-theater scene.

Comments

[Chris1w]

What a rally.

[correct way to invest]

Will Roblox ever make money. The answer is I doubt it . So when 0r if it makes 50 cents a share. A multiple of 50 would put it at 25. So best case forever scenario is 40 percent down

[Chris Lau]

This bubble ain't over until polygon graphics gaming firm $RBLX falls.
Bearish on $CMCSA.

[FatPumpkin]

@Chris Lau what’s the correlation between $RBLX and $CMCSA

[Chris Lau]

@Fat Pumpkin CMCSA is in reference to CNBC which is pumping RBLX and meme.

[FatPumpkin]

@Chris Lau got it. Thanks.

[slick9000]

Bear rally. Won’t last.

[Legacy Legends, LLC]

Finally! Let's get this bad boy back to $100s!

[Jon Brien]

This is priced way too high to be a meme stock. Doesn't it have to be under $5 $3 $2 to be a good meme stock with 50 to 110% stock short. I believe this is a fake meme Stock.

[DomL]

Retail chatter short squeeze? I’m in! We ain’t done yet Powell!!!! We ain’t done yet

[goodfellasfinancial]

hmm parents going to shut off the account during the recession?

[TexasSlim]

With almost 11% shorts, shorties will be sweating. That is the purpose of Reddit pumping the stock.

[Clark158f1]

AMC & GME are both dead after being pumped for over a year by WSB's.

RBLX however has room to run.

[Awatt127]

@Clark158f1 all beta stocks hit a bid

[Roco1]

I’m long, fascinating stuff.

[The Dividend Dude]

More lambs to the slaughter

[SPDY84]

WS trying to pump meme stocks to trap retail before the big dump when the recession is confirmed. It's so ridiculous to think that a recession is bullish for unprofitable companies...but you got all sorts of people claiming that on CNBC today.

[FXMT]

@SPDY84 Yep. Trying to suck in some profit before the real crash.

[greppo11]

@SPDY84 yes, everything is a conspiracy. you've got it figured out.

[SPDY84]

@greppo11 PTON going up 14% makes perfect sense with a recession.

[Wuffy]

Not bad for a company losing big money. Here we go again with meme!!