Why Roku Is Down Nearly 5% Today
Shares of streaming video technology company Roku (NASDAQ: ROKU) are lower by 4.7% in Thursday's late trading action, although not on any particular news. The pullback is a reflection of broader concern that the streaming market is becoming very, very crowded.
Seriously, don't look for a specific reason Roku is in the red today. You won't find one. Rather, take a step back and look at the entire streaming landscape. It's changed dramatically in just the past few months in ways that don't particularly favor this company.
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Source Fool.com