ROKU Stock Price Increases 7.52%: Why It Happened

  • The inventory worth of Roku Inc (NASDAQ: ROKU) has elevated by 7.52% right now. This is why it occurred.

The inventory worth of Roku Inc (NASDAQ: ROKU) has elevated by 7.52% right now because it went from a earlier shut of $434.63 to $467.30. There seems to be a few catalysts in play. There has been an uptick within the hype across the inventory on social media platforms like Reddit and StockTwits right now. And traders are additionally citing market share across the Super Bowl over the weekend.

Super Bowl LV was some of the streamed video games ever. Nielsen scores have been exhibiting that the Super Bowl was watched by 96.4 million viewers throughout all the platforms. This is barely decrease than earlier years, nevertheless it was some of the live-streamed video games in historical past with a median of 5.7 million viewers per minute, up 65% from final yr.

Online video optimization and analytics firm Conviva segmented the streaming numbers even additional by reporting the market share of every streaming platform.

“According to Conviva, Roku was the most well-liked platform for shoppers streaming the sport. Roku’s share of streaming makes an attempt for Super Bowl viewing was 41%, adopted by Amazon Fire TV at 24%, Apple TV at 12%, and Samsung TV at 8%,” wrote Ben Munson of Fierce Video.

Here is how the market share appears to be like in a chart:

In the r/WallStreetBets Reddit thread, one of many posts that recently went viral was from an aggressive Roku bull who disclosed (with screenshots) a $500,000 choices funding in April 2020 and a reinvestment of earnings into extra aggressive choices in Roku. This put up could have additionally influenced some energetic Reddit traders. 

Disclaimer: This content material is meant for informational functions. Before making any funding, you need to do your individual evaluation.


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