Why Roku Stock Popped on Wednesday Morning
Shares of Roku (NASDAQ: ROKU) bounced on Wednesday, jumping as much as 6.7%. As of 1:08 p.m. ET, the stock was still up 4.6%.
The catalyst that sent the streaming pioneer higher was news that the company is releasing its own line of connected TVs, which could help fuel future growth.
Roku announced the debut of Roku Select and Roku Plus Series TVs. The high-definition and 4K Roku-branded devices "are the first ever to be both designed and made by Roku," according to the press release.
Source Fool.com
