But what we do know is the company provides augmented reality interactive entertainment games. There weren’t any headlines from the company, nor were there any filings published. Even before the market opened, premarket action saw BHAT stock reach highs of $2.25. Shares of Blue Hat Interactive surged on Friday, trading more than 31 million shares and reaching highs of $1.90 before the closing bell.

( NASDAQ: LLNW)īlue Hat Interactive Entertainment Technology Blue Hat Interactive Entertainment Technology ( NASDAQ: BHAT).So, in this case, will these be the best penny stocks to buy, or should you avoid them entirely if you think sympathy sentiment is no longer a factor? Keep in mind that sympathy sentiment sometimes has a shelf-life to it. Will that continue for the rest of March?

So, whether it was gaming, broadcasting, or even digital advertising, we saw some names rally in kind with RBLX. These are ones with exposure to some facet of the RBLX model. The sheer excitement and anticipation leading up to the IPO turned the focus to “sympathy” stocks. By the end of the week, more than 170 million shares had traded in total, with RBLX stock finishing its first week out at $69.70. RBLX stock ultimately reached highs of $77.78 last week during its first 3-days of trading as a public company. But on IPO day, shares began trading above $60 per share. In its direct listing IPO, Roblox was initially indicated at $45. Not only has this IPO shed light on eGaming, but it has also brought attention to digital entertainment companies, in general. It has over 164 million monthly users, with the vast majority of users being children under 16. However, there are options for in-game purchases made via the local “Robux” currency. The premise is that users can play games created by other users. Roblox is an online game platform and game creation system. If you haven’t heard about this company, I’ll get you up to speed. Not only are we seeing attention focus on things like esports and iGaming, but also on different ways to access or even consume this new digital form of entertainment.Īdding to this was a very recent IPO of popular digital platform gaming developer Roblox ( NYSE: RBLX). Thanks to the 2020 pandemic, the entertainment industry as a whole ended up evolving. One of the main reasons for this has been the push for growth in digital entertainment. We’ve seen attention focus on things like telecommunications, broadcasting, and even esports technology. One of the hottest sectors for penny stocks recently has been technology.

Hot Tech Penny Stocks To Watch This Month

Roblox ipo 2021