RBLX is trading at $45.53 (-4.28%) as the stock continues to face selling pressure following a significant downward revision to its growth outlook in the Q1 earnings report.
- Shares initially plunged 24% on May 1 after the company slashed bookings guidance to 8-12% growth, attributing the slowdown to the implementation of new child safety mandates.
- While the stock saw a partial recovery of 5.41% yesterday, it is underperforming today's broadly higher market as investors remain cautious regarding long-term user growth.