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Roku (ROKU) Jumps: Stock Rises 11.7%
Roku, Inc. (ROKU - Free Report) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 26.4% in the past one-month time frame.
The move came after the company received bullish stance from a Needham analyst.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Roku currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Roku, Inc. Price
Roku, Inc. Price | Roku, Inc. Quote
A better-ranked stock in the Broadcast Radio and Television industry is Tribune Media Company , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ROKU going up? Or down? Predict to see what others think: Up or Down
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