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0.000762331111219195 -0.000859649976481345 -0.000619596775501652 0.00416038148995175 -0.0109970317746096 -0.0117220573208117 -0.00994274406760416 -0.00994274406760416
Stock impact report

Roku stock plunges more than 10% after huge run-up to start 2019 [MarketWatch]

Roku, Inc. - Class A (ROKU) 
Last roku, inc. - class a earnings: 2/13 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.roku.com/investor-relations
Company Research Source: MarketWatch
Roku stock plunges more than 10% after huge run-up to start 2019 Roku Inc. ROKU, -12.91% shares dropped more than 10% in Wednesday trading, turning around after more than doubling to kick off 2019. Roku stock sold for as low as $61.14 through 1 p.m. Eastern time Wednesday, 13.5% lower than Tuesday's closing price. Shares declined more than 4% Tuesday after closing higher than $74 Monday for only the third time in its history. In downgrading the stock to neutral from outperform Wednesday morning, Macquarie Research analyst Tim Nollen noted that shares were up 131% in 2019 to that point and wrote, "we believe it is difficult to justify the valuation." Nollen was one of two analysts to downgrade the stock Wednesday , while Suntrust Robinson Humphrey analyst Matthew Thornton increased his price target to $63 from $42 while maintaining a hold rating. "We are not chasing the stock here," he wrote. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Si Show less Read more
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