Roku Nearly Double Off IPO Opening Print

Roku Inc. ROKU shares are trading higher by $3.40 at $26.90 in Friday's session. The designer of digital media players is off to a fantastic start to its IPO. The issue opened on Thursday at $15.78, which was above the upper-end of the range, which was finally price at $14/share, dipped only $0.03 and ended its inaugural session at $23.50.

After a higher open it had a brief retreat to $25.80, before bolting to $29.80. Since reaching that elevated, profit-takers have come into the issue nudging the issue lower to make a new for the day by only $0.04 at $25.47. It is now attempting to reenter the $27 handle.

 

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!