Why Roku Stock Rallied on Tuesday
Shares of Roku (NASDAQ: ROKU) surged on Tuesday, jumping as much as 8.4%. As of 11:35 a.m. ET, the stock was up 8.1%.
The catalyst for the move was news that a high-profile name on Wall Street has been loading up on shares.
Roku reported its second-quarter earnings after the market close on Thursday and investors didn't like what they saw. The stock got pummeled on Friday, falling 23%. Yet even in the face of that shellacking, star money manager Cathie Wood was undeterred.
Source Fool.com
