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Stockreport

Why Roku, Inc. Stock Tumbled Today [The Motley Fool]

ROKU (ROKU)  More Company Research Source: The Motley Fool
Last roku earnings: 11/7 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.roku.com/investor-relations
PDF Shares of the streaming media company fell on the broader market selloff. Here's what you need to know. Jeremy Bowman ( TMFHobo ) Oct 10, 2018 at 3:40PM What happened Shares of  Roku, Inc.  ( NASDAQ:ROKU ) were falling in tandem with the market sell-off today as high-priced tech stocks like the video-streaming specialist got especially hammered. Rising treasury rates sent shivers through the market as higher interest rates can mean that it's harder for businesses and consumers to borrow, they can slow down economic growth, and they can also make bonds more attractive than stocks. That development sent shares of the  S&P 500 down 2.1% and pushed the  Nasdaq down 2.6%. Though there was no major news out on Roku during the trading day, that pressure in the broader market was enough to push its shares down 11.5% as of 2:49 p.m. EDT. Image source [Read more]

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