Roblox Stock: 3 Charts Investors Must See
When COVID-19 first struck in March 2020, the stock market crashed, economic uncertainty was rampant, and we plunged into a health crisis. It also spurred something else: the rise of "pandemic stocks."
Companies like Roblox (NYSE: RBLX), Zoom Video Communications, and Peloton Interactive were seen as big winners as the way we lived, worked, and played suddenly changed. As life has returned to normal (relatively), investors confront the reality that short-term momentum stocks often fizzle. Zoom has fallen more than 70% from its high, and Peloton has seen an astounding 90% loss.
Roblox stock has fallen more than 70% from its highs, and investors wonder if it has touched bottom. These charts offer clues.
Source Fool.com
