3 Reasons to Buy Roblox Stock and 3 Reasons to Sell
Roblox (NYSE: RBLX) has been a divisive stock since its direct listing in March 2021. The bulls claimed its gaming platform would lock in younger users and blossom into a self-sustaining ecosystem, while the bears argued it was merely a fad that would burn itself out before ever turning a profit.
Roblox initially impressed the bulls. Its stock opened at $64.50 on its first day of trading and skyrocketed to an all-time high of $134.72 in November 2021. But concerns about a post-pandemic slowdown, rising rates, and other macro headwinds brought out the bears, and its stock plunged to the low $30s.
That steep decline burned a lot of investors, but Roblox's stock might look like a tempting turnaround play at these levels. To determine whether it's worth buying again, let's weigh three reasons to buy Roblox against three reasons to sell it.
Source Fool.com
