Roblox Corporation (NYSE: RBLX) shares are trading higher Monday after Wedbush reiterated its Outperform rating and a $165 ...

Roblox Corporation (NYSE: RBLX) shares are trading lower Friday as the stock faced competing pressures from analyst support, unusual options activity and ongoing legal challenges.

Shares of Roblox jumped as much as 16% in a long-awaited public trading debut that left the online gaming company with a $44 billion valuation.

Roblox had been preparing to go public since at least October 2020. However, the firm opted for a direct listing due to concerns that its stock would be under-priced in a traditional IPO.

Furthermore, there's no telling exactly how expensive Roblox stock will be by the end of the first trading day. We don't even have a firm IPO date yet, nor a final asking price for the new stock.

Executives at gaming giant Roblox pushed the company's planned IPO back to 2021, as they reportedly sought a higher initial listing price.

The gaming platform is citing trademark counterfeiting and infringement Roblox suing to shut down third-party trading on PlayerAuctions ...