(MENAFN- Baystreet) GXO Opens up New Distribution Hub for Conair
Sinclair Ponders Unloading Stations
Novavax, Sanofi Sign the Deal to Commercialize COVID Shot
AMC Plunges on Q1 Figures
OpenAI To Launch Google Search Competitor: Reports Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Friday, May 10, 2024
Stocks on Sale: Roblox, Tesla, WBD, and More
Investors who missed Roblox (RBLX) tripling in value in 2021-2022 may take a second look at the gaming firm. For the last three years, RBLX stock traded in a range of between $29.50 to around $45. After falling by 22% on Thursday to close at $30.42, bottom fishers may bet on a stock rebound.
Roblox expects weak bookings for the rest of 2024. It expects bookings of $870M - $900M. It will also lose $265M to $267M on a net basis. Bookings for the year are as low as $4 billion, compared to a prior outlook of up to $4.28 billion.
RBLX is Ark Invest's (ARKK) sixth biggest position.
The post-earnings selling pressure in shares of Tesla (TSLA) continued. However, the stock may re-test the sub-$150 lows from April. Since rivals like Rivian (RIVN) and Lucid (LCID) lost more money last quarter, Tesla is positioned to grow its market share.
In the media sector, Warner Bros. Discovery (WBD) traded 3.08% higher after posting Q1 results. Although it lost $0.40 in EPS, it confirmed it would release a new Lord of the Rings movie.
Chip favorite Arm Holdings (ARM) fell as much as 8% before closing down by 2.34%. Watch for speculators buying AI chip suppliers to consider ARM stock.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN10052024000212011056ID1108198292
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.