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Why Roku's Stock Is Trading Higher Today

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Why Roku's Stock Is Trading Higher Today

Roku (NASDAQ: ROKU) shares are trading higher on Monday.

The strength is potentially related to an upbeat outlook for streaming demand amid a surge in U.S. coronavirus cases, which could lead to businesses and theaters closing or limiting capacity again.

Roku's TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others. The operating segments of the company are Player and Platform. It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website.

Roku's stock traded up 7% to $163.76 per share at the time of publication on Monday. The stock has a 52-week high of $176.55 and a 52-week low of $58.22.

Related Links:

Bullish Roku Analyst Weighs Coronavirus Impact, Says Platform Is 'Winning Aggregator' In Streaming

Here's How Much Investing $1,000 In Roku's 2017 IPO Would Be Worth Today

 

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