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Why Roku Stock Rallied on Tuesday

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) surged on Tuesday, jumping as much as 8.4%. As of 11:35 a.m. ET, the stock was up 8.1%.

The catalyst for the move was news that a high-profile name on Wall Street has been loading up on shares.

Roku reported its second-quarter earnings after the market close on Thursday and investors didn't like what they saw. The stock got pummeled on Friday, falling 23%. Yet even in the face of that shellacking, star money manager Cathie Wood was undeterred.

Source Fool.com

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