Roblox surges to double-digit gain alongside retail chatter

Jul. 05, 2022 2:59 PM ETRoblox Corporation (RBLX)GME, AMCBy: Jason Aycock, SA News Editor21 Comments

Roblox Developer Conference 2019

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.

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