Overall market sentiment has been high on Roku Inc (ROKU) stock lately. ROKU receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 $129.04 as of 3:43 PM on Thursday, Jul 2, a rise of $0.65, or 0.51% from the previous closing price of $128.39. Volume today is 11,076,828 compared to average volume of 10,095,259. The stock has traded between $125.20 and $132.50 so far today.
To see InvestorsObserver's Sentiment Score for Roku Inc click here.
More About Roku Inc
Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others. The operating segments of the company are Player and Platform. It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company's website. Platform segment consists of fees received from advertisers and content publishers, and from licensing the company's technology and proprietary operating system with TV brands and service operators.
