Why Roku Stock Shot Up 6%
Despite a global pandemic that confined much of the population to its homes -- watching TV -- for much of this year, shares of over-the-top streamer Roku (NASDAQ: ROKU) haven't benefited nearly as much from COVID-19 lockdowns as you might expect. In fact, over the past 52 weeks, Roku shares are underperforming the S&P 500, up just 5% in a market that has risen 12.5%.
But perhaps not for long.
Today, shares of Roku are rising 5.7% as of 11:35 a.m. EDT -- thus accounting for all the stock's gains in the past year, and more. If you own shares of Roku stock, you can probably thank the friendly analysts at KeyBanc for this turnaround.
Source Fool.com
