The Trade Desk Just Made a Big Move That Has Investors Scrambling to Buy Roku Stock

Being an investor in Roku (NASDAQ: ROKU) could best be described by the opening words of the Charles Dickens novel A Tale of Two Cities: "It was the best of times, it was the worst of times." Since the company's IPO in late 2017, the stock soared as much as 1,940% in less than four years. However, the combination of a post-pandemic streaming hangover and economic downturn ravaged advertising budgets and sent Roku plunging. The stock has never really regained its momentum and still sits 82% off its peak.Over the past few days, however, Roku stock has been on fire, notching 28% gains in less than a week (as of this writing) as investors scramble to buy the stock.The rally was sparked by an unlikely catalyst, and if Wall Street is to be believed, there could be much more to come.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool