Is Roku Stock a Buy?
Roku (NASDAQ: ROKU) has become an enigma. Logically, it seems like COVID-19 would have boosted Roku stock as millions of newly unemployed workers turned to low-cost streaming services to pass the time.
However, Roku stock moved lower at the height of the pandemic, and it has not returned to levels it saw in February. Nor has it broken the downtrend that began in September 2019. At that point, this consumer discretionary stock began a volatile downward trend that remains today.
Given Roku's behavior, investors may want to evaluate the stock's weaknesses and strengths before deciding whether to buy.
Source Fool.com
