Here's Why Roku Stock Popped Monday

Shares of video streaming platform Roku (NASDAQ: ROKU) are more than 20% higher since the company reported its first-quarter results on May 6. That trend continued Monday, with the stock up 5.2% as of 2 p.m. EDT.

This month's climb has been underpinned by activity in the media sector showing executives plan to grow the offerings that Roku's platform supports. In its fiscal second-quarter earnings report earlier this month, Walt Disney (NYSE: DIS) reported 59% year-over-year growth in its direct-to-consumer business which includes the Disney+ streaming service. As of April 3, Disney reported 159 million paid subscribers to its streaming offerings.

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Source Fool.com