Roblox Stock Is Popping Off Today: What's Happening?

Roblox Corp RBLX shares are trading higher by 6.74% to $41.63 Wednesday afternoon amid overall market strength following earnings results from Microsoft Corporation MSFT and Alphabet Inc GOOGL GOOG.

What Happened?

Microsoft said fiscal fourth-quarter revenue jumped 12% year-over-year to $51.9 billion, which missed the estimate of $52.47 billion. The company reported earnings of $2.23 per share in the quarter, which missed the estimate of $2.30 per share... Read More

Alphabet said second-quarter revenue jumped 13% year-over-year to $69.98 billion, which missed the estimate of $70.35 billion. The company reported quarterly earnings of $1.21 per share, which missed the estimate of $1.31 per share... Read More

See Also: Here's How Much You'd Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

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