Why Roku Stock Popped Wednesday Morning
Shares of Roku (NASDAQ: ROKU) bounced on Wednesday, jumping as much as 3.7%. As of 10:55 a.m. ET, the stock was still up 2.7%.
There wasn't a single catalyst that sent the streaming pioneer higher, but rather several bits of news that created lift for the beaten-down stock.
As my colleague Demitri Kalogeropoulos reported yesterday, the company is launching its high-end Roku Ultra streaming player in Canada, which could boost the company's total accounts number, which currently stands at 63 million.
Source Fool.com
