Roku has tripled since going public — and traders betting against the stock are getting crushed (ROKU)
|11/14/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>