Roku Inc ROKU shares are trading higher by $1.00 at $37.95 in Wednesday's session.
After a post-Q3 earnings rally from its November 8 close ($18.84) to an all-time closing high ($42.71) on Monday, the rally took a breather in Tuesday's session falling $5.76 to $36.95.
The downward momentum carried over into today's open as the stock reached $34.22 and staged a rebound. That level comes in just under Monday's low ($34.86), but well above its November 10 low ($30.50).
The rebound off that low has found sellers just before it could get into the $40.00 handle; $39.75 stands as the high for the session as of 10:48 a.m. EST.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
