Why Roku Shares Soared to All-Time Highs on Tuesday
Shares of media-streaming technology expert Roku (NASDAQ: ROKU) jumped as much as 6.9% higher on Tuesday. The company didn't have any news of its own, but entertainment titan Walt Disney (NYSE: DIS) made a strategic turn that is sure to benefit Roku in the long run.
Monday evening, Disney announced a sweeping reorganization with the aim of funneling more talent, money, and other resources into the company's video-streaming services. The House of Mouse will measure its success by the performance of streaming services, such as Disney+, ESPN+, Hulu, and the upcoming Star platform for international audiences.
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Source Fool.com
