Why Roku Stock Lost 10% in March

Shares of streaming company Roku (NASDAQ: ROKU) fell 10% in March, according to data provided by S&P Global Market Intelligence. The company is still reeling from its fourth-quarter results announced in February and negative sentiment related to its future potential.

Roku was one of the hottest stocks at the beginning of the pandemic. Its popular streaming devices and free streaming channel exploded when people stayed home, and trends indicated that this is a real shift in consumer viewing behavior.

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Source Fool.com