Roblox Retreats After Rally; Profit-Taking and Caution Weigh on Shares
Roblox shares slipped in pre-market trading, giving back part of a late-June advance. Traders booked profits after a strong move higher that followed an upgrade, while a modest analyst tweak and an ongoing securities lawsuit contributed to selling ahead of the July 4th holiday week. With no earnings catalyst until late July and an elevated beta, th…