What happened Shares of Roku (NASDAQ: ROKU) surged on Tuesday, jumping as much as 8.4%. As of 11:35 a.m. ET, the stock was up 8.1%. The catalyst for the move was news that a high-profile name on Wall Street has been loading up on shares. Read More...
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Roku’s Stock Crash: Should You Buy Now?
Concerns about declining ad spending have been front of mind for investors in the advertising space, which came to light on July 28 when Roku (NASDAQ: ROKU) reported its second-quarter earnings. The company got hammered by declining demand from consumers and advertisers, painting a bleak outlook for the rest of the year. The tailwinds pushing streaming and advertising on streaming channels are still in full swing, and Roku looks ready to capture that trend.
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