Why Roku Stock Was Streaming Higher on Wednesday
Shares of Roku (NASDAQ: ROKU) charged sharply higher Wednesday, surging as much as 15.5%. As of 12:13 p.m. ET, the stock was up 14.3%.
The catalyst that drove the streaming giant higher was an announcement that it brought a high-profile streaming service back into the fold.
Roku reached a long-term deal with Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google to keep the YouTube and YouTube TV apps on its platform. This was an important deal for both Roku, the leading streaming video platform, and YouTube, the second-most visited website globally. The terms of the agreement weren't disclosed.
Source Fool.com
