Tuesday, September 27, 2022
HomeTrading RoomShares of Roblox jumped in the premarket Thursday

Shares of Roblox jumped in the premarket Thursday

Shares of Roblox jumped in the premarket Thursday after it was revealed one of Cathie Wood’s funds bought into the stock on its first trading day.

Shares of this kids gaming app, jumped 9.7% in premarket trading Thursday after it was revealed one of Cathie Wood’s funds bought into the stock on its first trading day.

It comes after the company soared more than 54% in its market debut on Wednesday. Shares, referenced to open at $45 per share, began trading at $64.50 and closed at $69.50 apiece, giving the company a market cap of $38.26 billion.

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