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Why Roku Stock Popped Wednesday Morning

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) bounced on Wednesday, jumping as much as 3.7%. As of 10:55 a.m. ET, the stock was still up 2.7%.

There wasn't a single catalyst that sent the streaming pioneer higher, but rather several bits of news that created lift for the beaten-down stock.

As my colleague Demitri Kalogeropoulos reported yesterday, the company is launching its high-end Roku Ultra streaming player in Canada, which could boost the company's total accounts number, which currently stands at 63 million.

Source Fool.com

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