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Roblox Corp (NYSE:RBLX) shares are rising in extended trading Tuesday after the company announced a new share repurchase program.
- Roblox stock is trending. Where are RBLX shares going?
Roblox’s Inaugural Buyback Program
After the market close on Tuesday, Roblox announced its board authorized the repurchase of up to $3 billion of the company’s common stock.
The new buyback authorization does not have a fixed expiration date. Roblox noted that it currently intends to repurchase up to $1 billion of its common stock over the next year. …
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