Skip to content
Subscriber Only

Roblox Extends Rally as Cathie Wood’s Ark Invest Takes a Stake

  • Digital games firm jumps over 5% as Ark holding is revealed
  • Wood’s funds have struggled amid tech selloff in recent weeks
Online Video-Game Company Roblox Plans IPO
Photographer: Gabby Jones/Bloomberg
Updated on

A rough period of performance for Cathie Wood hasn’t diminished her ability to support a stock’s fortunes, if Roblox Corp. is anything to go by.

The newly-listed digital games company jumped 6% as of 10:02 a.m. in New York on Thursday, building on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.