Why Roku Stock Was Volatile Today
Shares of video-streaming platform provider Roku (NASDAQ: ROKU) dropped 3.5% this morning as investors processed the latest inflation data. But by midafternoon, the stock had reversed course and was making some gains, likely on the news that the company is launching a line of smart-home products.
As of 2:18 p.m. ET, the video-streaming stock was up by 0.7%.
Roku started out the trading day by falling sharply after the latest Bureau of Labor Statistics data showed that the producer price index rose 0.4% for September, which was much higher than the 0.2% increase that most analysts were expecting.
Source Fool.com
