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Why Roku Stock Jumped 11% Today

TheMotleyFool

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Roku (NASDAQ: ROKU) shareholders just got a break from the negative programming they've been watching lately. The streaming video giant's stock rose 11% by 1:30 p.m. ET on Friday to easily outpace the 2.6% rally in the S&P 500.

The spike only erased a small portion of recent losses for the stock, which remains lower by nearly 60% so far in 2022. But the rebound also reflects rising optimism about Roku's business model in potentially volatile economic times.

Image source: Getty Images.

Source Fool.com

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