This Cathie Wood Stock Is Down 59% in 2022. Should You Buy the Dip?
Popular investment manager Cathie Wood has grown a liking for Roku (NASDAQ: ROKU) stock. The streaming enabler exploded on the scene at the pandemic's onset, when folks were stuck at home.
The reversal of that trend as economies reopened, along with supply shortages, has crippled Roku's shares. The stock is down 59% year-to-date, which has investors asking whether they should buy the dip. That fall was worse before rumors surfaced that streaming pioneer Netflix (NASDAQ: NFLX) may be interested in acquiring Roku. Since they are only rumors, let's consider Roku's prospects on its own, without a buyout.
Source Fool.com