Today, Pinterest and Roblox Shares have seen a dive down as the statistics have it. Pinterest Inc. PINS shares are now trading lesser by 4.54% to around $19.33. This was after Goldman Sachs Friday had remained neutral about the stock and the price target had been lowered to $24 from $35.
Roblox Corp. RBLX shares have also seen a drop, trading lesser by 5.46% to around $28.78. This is after Goldman Sachs Friday had dropped the stock to sell from neutral, bringing down the price target to $28 from $39.
Roblox and Pinterest shares, in sympathy, are now trading lower as the broader market following May CPI data turned out much more than expected. The rise of inflation has led to growing economic concerns, raising the expectations for further tightening of Fed policy.
According to the data reported by Benzinga Pro, Pinterest experienced a 52-week high of as much as $81.77 and a 52-week low of around $16.14. Roblox had achieved a 52-week high of around $141.60 and a 52-week low of around $21.65.
Stay updated for more Roblox-related information.