3 Reasons Roku Stock May Be Peaking
Roku (NASDAQ: ROKU) was a rock-star debutante on Thursday. The IPO was set to price between $12 and $14; it hit the market at the high end of that range, and it still wasn't enough. The stock soared 68% on its first day of trading, opening sharply higher again on Friday.
Roku stock has nearly doubled in less than two trading days, and it's easy to wonder if the market finally has that hot tech IPO that will crack open the floodgates of promising companies chomping at the bit to go public. The digital media player is special, but it's probably not that special. Let's go over a few of the reasons your best bet may be to bail on the new market darling.
Image source: Roku.
Source: Fool.com
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