Why Block Stock Popped Today

Fintech giant Block (NYSE: SQ) -- the company formerly known as "Square" -- was trading 2.5% higher as of 11:30 a.m. ET Wednesday after growth investing aficionado Cathie Wood revealed that she spent just under $5 million Tuesday to acquire just over 82,000 shares. Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK) hasn't been doing so hot this year: It's down by 57% since 2022 began. Wood's funds bought Block stock pretty aggressively throughout most of May (nearly 355,000 shares acquired) -- but then abruptly halted purchases after the stock topped $80 a share late in the month. Read More...

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Why Roku Stock Popped Today

Shares of the television streaming platform Roku (NASDAQ: ROKU) were rocketing higher today, potentially on several bits of news for the company, including some positive comments from an analyst, as well as comments made by Roku’s CEO in a recent interview. The video streaming stock was up by as much as 6.7% today and had gained 3.1% as of 12:29 p.m. ET. First, comments made yesterday by Needham analyst Laura Martin may be driving Roku higher after she said that Netflix’s move into an ad-based streaming tier could benefit Roku.

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