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Roku Stock Rises An Astonishing 7% So Far Today, Hugely Outperforms Market

Via News Editorial Team

November 19, 2020

Roku Stock Rises An Astonishing 7% So Far Today, Hugely Outperforms Market

According to CNBC, John Malone, Liberty Media Chairman says platforms like Apple, Amazon and Roku will dominate streaming and "that Roku, which aggregates content on its platform, is well-positioned for growth in the long run"

Shares of Roku rose 7.19% to $248.67 at 11:12 EST on Thursday. Lastast close was $230.9, below its 52-week high of $255.66. Roku's sales growth is 35.5% for the ongoing quarter and 34.2% for the next. The company's growth estimates for the current quarter and the next is a negative 38.5% and a positive 24.4%, respectively. Year-on-year quarterly revenue growth grew by 42.4%, now sitting on 1.35B for the twelve trailing months. Roku's stock is valued at $248.67 at 11:12 EST, below its 52-week high of $255.66 and way above its 52-week low of $58.22. Roku's value is way above its 50-day moving average of $210.03 and way higher than its 200-day moving average of $155.51.