Why Roku Stock Is Bouncing Higher This Week

Shares of Roku (NASDAQ: ROKU) are running sharply higher so far this week, surging as high as 19.4%. As of 1:12 p.m. ET today, the stock was up 12.4%. The streaming-video pioneer was riding the wave of several positive developments that made investors sit up and take notice.

The biggest catalyst was word that a deal had been reached in the long-standing feud with Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google. The pair came to satisfactory terms that will keep YouTube and YouTube TV on Roku's platform, on the verge of the previous deal's expiration.

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Source Fool.com