Shares of Roku Inc. rallied 1.2% in premarket trading Thursday, after Pivotal Research analyst Jeffrey Wlodarczak backed away from his bearish rating on the streaming platform for TV, citing a "properly balanced" risk-versus-reward profile following this year's selloff. He recommended bearish investors "take profit" on their short positions. The stock, which bounced 2.8% on Wednesday, had closed Tuesday at the lowest price since May 2019, after a year-to-date plunge of 72.1% amid reduced spendin Read More...
Shares of Roku Inc. rallied 1.2% in premarket trading Thursday, after Pivotal Research analyst Jeffrey Wlodarczak backed away from his bearish rating on the streaming platform for TV, citing a “properly balanced” risk-versus-reward profile following this year’s selloff. He recommended bearish investors “take profit” on their short positions. The stock, which bounced 2.8% on Wednesday, had closed Tuesday at the lowest price since May 2019, after a year-to-date plunge of 72.1% amid reduced spendin
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