Home » General World News » Roku has tripled since going public — and traders betting against the stock are getting crushed (ROKU)

Roku has tripled since going public — and traders betting against the stock are getting crushed (ROKU)





Roku stock nasdaq

  • Roku has tripled since going public in late September, spiking on Monday after reporting sales that beat Wall Street estimates.
  • Traders betting against Roku have lost more than $100 million since the company’s initial public offering.

When it comes to television these days, it never pays to bet against the cord-cutters.

Traders in newly-public Roku are finding that out the hard way.

They’ve piled into wagers against the company as the stock — which started trading on September 27 — has tripled in price. That surge to $42 a share from the initial public offering price of $14 has resulted in $108 million in read more >>>

Source:: BusinessInsider.Com

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