5 Stocks That Moved the Market in November
The stock market bounced back in November, erasing some of the losses incurred earlier this year. Some of the highest-profile companies had big moves following earnings and major news from the Fed. These five stocks were some of the biggest winners and losers last month, and they illustrate important themes in the market today.
Roblox (NYSE: RBLX) reported third-quarter earnings on Nov. 9, causing the stock to drop sharply. The company reported substantial increases in users, bookings, and engaged hours, but revenue only rose 2%. That sales figure was nearly 25% lower than consensus estimates. Large increases in operating expenses also led to $300 million in quarterly net losses.
The company reported lower bookings per active daily user, so it seems to be losing momentum with its user base. Investors are starting to worry kids will spend less time gaming as people resume travel and other activities outside of the home.
Source Fool.com
