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Do Traders Think Roku Inc (ROKU) Can Keep Climbing Wednesday?

Wednesday, December 08, 2021 10:08 AM | InvestorsObserver Analysts
Do Traders Think Roku Inc (ROKU) Can Keep Climbing Wednesday?

Roku Inc (ROKU) stock has gained 13.19% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Roku Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ROKU!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ROKU Stock Today?

Roku Inc (ROKU) stock is trading at $235.16 as of 10:04 AM on Wednesday, Dec 8, an increase of $18.56, or 8.57% from the previous closing price of $216.60. The stock has traded between $233.60 and $244.90 so far today. Volume today is 3,966,778 compared to average volume of 4,200,945.

More About Roku Inc

Roku is the leading streaming platform in the U.S. by hours watched with under 59 billion hours of content streamed in 2020. The firm's eponymous operating system is used not only in Roku's own hardware but in co-branded TVs and soundbars from manufacturers like TCL, Onn, and Hisense. Roku generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales. Click Here to get the full Stock Report for Roku Inc stock.

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