Here's How Roku Shares Dropped 33% Last Month
Shares of Roku (NASDAQ: ROKU) fell 33% in September 2019, according to data from S&P Global Market Intelligence. The maker of streaming media devices and related services took several ice baths last month
Roku started last month in high spirits, setting fresh all-time highs on the back of positive analyst reports. That changed in a hurry when Apple announced a video streaming service with a miserly subscription fee of $5 per month. Roku's stock took an 18% haircut in two days.
The market hit rewind to play that story again a week later. Roku shares fell as much as 14% when Comcast introduced another streaming service that will provide free set-top boxes to its subscribers.
Source Fool.com
