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Roblox falls as options market turns against the company following a report about slowing growth

Roblox fell more than 5% on Friday morning as bearish options market bets against the company outweighed bullish ones by about three to one in early trading.

This would mark the most bearish tilt for its put/call ratio since 2022, and is fueling the largest intraday drop for the stock since August, when the company was rocked by child safety lawsuits.

Put options with a strike price of $130 that expire today have the most open interest and highest daily volume. They’ve swung from being out of the money to well in the money based on the price action so far on Friday.

Investors appear to be less optimistic about the gaming platform following an M Science report from analyst Corey Barrett that asserts that US bookings growth has “decelerated sharply” recently, slowing to the low 30% range down from the mid- to high 50% range in July.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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