Why Jon Najarian Sold Shares In Roku

On CNBC's "Fast Money Halftime Report," Jon Najarian said he sold his position in Roku ROKU.

Roku just reached an all-time high Thursday after confirming a deal with WarnerMedia that would allow HBO Max on its platform.

See Also: Roku Surges To All-Time High After HBO Max Deal, Stock Gets New Street-High Price Target

Najarian sold his shares to take profits. The investor believes he'll be able to pick the stock up again next year for a cheaper price.

The price range he is on the lookout for is $250 per share to $270 per share.