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Benzinga
Benzinga
Business
Henry Khederian

Why Roblox Shares Are Getting Hammered Today

Roblox Roblox Corp US Federal Reserve

Roblox Corp (NYSE:RBLX) shares are trading lower by 12.58% at $30.03. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Roblox is also trading lower by 17.93% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.

See Also: Why Nio Shares Are Rising Today

Roblox operates an online video game platform.

According to data from Benzinga Pro, Roblox has a 52-week high of $141.60 and a 52-week low of $21.65.

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