Why Roku, Etsy, and fuboTV Stocks Fell Sharply This Week
The S&P 500 may be near all-time highs, rising 22% this year. But this growth certainly hasn't been driven by growth tech stocks. Indeed, it's not greed that's driving this group lately -- it's fear.
It has been a brutal week for many growth tech stocks. Streaming-TV specialist Roku (NASDAQ: ROKU), handmade-goods marketplace Etsy (NASDAQ: ETSY), and sports-first streaming platform fuboTV (NYSE: FUBO) were not spared. So far this week, shares of the three companies have fallen 10.6%, 14.4%, and 13.4%, respectively, according to data from S&P Global Market Intelligence.
Here's a closer look at what's behind these three stocks' bearish moves.
Source Fool.com
