Cathie Wood Adds $11M In Roblox On The Dip

Benzinga2021-06-17

Cathie Wood-led Ark Investment Management on Wednesday snapped up 134,250 shares, estimated to be worth about $11.09 million, in Roblox Corp(NYSE:RBLX) on the dip.

Shares of the company closed 8.03% lower at $82.59 on Wednesday after the company reported a decline in users and their spending on the online entertainment platform.

The company announced Tuesday after-hours that daily active users were 43 million in May, up 28% from the same month last year and down 1% from 43.3 million in April.

The New York-based investment firm bought the shares of the company via the Ark Next Generation Internet ETF (NYSE:ARKW). No other ETF holds the shares of the company.

ARKW holds a total of 617,418 shares, worth about $55.44 million in the San Mateo, California-based company.

Roblox’s online entertainment platform offers a wide range of games for kids, teens and adults. The popular platform allows users to interact with each other.

Some of the other key sells on Wednesday included Takeda Pharmaceutical Co Ltd(NYSE:TAK) and buys include Blade Air Mobility(NASDAQ:BLDE).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Ancy
2021-06-18
Ancy
Roblox go
Dash2897
2021-06-17
Dash2897
Wow on roblox
JiaLe
2021-06-17
JiaLe
Liek and comment please
- JY00:
  Done
Jo96
2021-06-17
Jo96
??
slyv
2021-06-17
slyv
Like
Ryan Ong
2021-06-17
Ryan Ong
Like

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