What's Going On With Roblox (RBLX) Shares

Roblox Corp RBLX shares are trading higher by 5.63% to $43.96 Tuesday afternoon. Shares of video game-related companies are trading higher in sympathy with Activision Blizzard after a federal judge denied the FTC's request for a preliminary injunction of Microsoft's acquisition of the company.

Shares are also seeing strength as major indices are also higher ahead of Wednesday's June inflation data report.

What's Going On With Inflation Data?

The June CPI inflation report is eagerly anticipated as the most significant economic event of the week, with traders anxiously awaiting its release to gain insights into the Fed's future policy decisions.

Recent conflicting job market data has added to the uncertainty, with expectations of a rate hike in July, but doubts lingering regarding additional rate hikes later in the year. Currently, the market assigns probabilities of 22% for another rate rise in September and 34% in November...Read More

What Else?

Inflation can affect different industries in different ways. In the case of Roblox, as a technology company primarily focused on online gaming and virtual experiences, the impact of inflation might be more nuanced. Higher inflation could result in increased costs for the company, such as wages, server maintenance and marketing expenses.

If investors believe that inflation will negatively impact Roblox's profitability or hinder its growth potential, they may adjust their positions, leading to heightened stock volatility.

According to data from Benzinga Pro, Roblox Corp has a 52-week high of $53.88 and a 52-week low of $25.32.