Why Roku Crashed After Hours on Monday

On Monday, March 16, shares of Roku (NASDAQ: ROKU) cratered about 21.1%, along with much of the market. The stock market plunged by the highest percentage in a single day since 1987, overtaking last Thursday's ignominious record.

But while stock market futures are actually up -- at least as of this writing -- Roku stock was down still another 6.3% in after-hours trading. That adds insult to severe injury, with the stock now down roughly two-thirds since its all-time highs set back in August 2019.

The reason it's down is because apparently some large shareholders think Roku may have further to fall.

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Source Fool.com