Roku (NASDAQ:ROKU) seems to be in an enviable position. It operates the most popular streaming service in the United States. But as the world began to return to some semblance of normalcy, investors sold shares of this and other pandemic plays. Since hitting an all-time high of $490.76 in late July, ROKU stock is down nearly 50%. And that includes today’s 18% pop in shares.
Today’s big run-up came on the news Roku reached a multi-year extension deal with Google (NASDAQ:GOOGL) for YouTube and YouTube TV, ending a months-long battle between the two companies.
The question now is whether investors will continue piling into shares at a discount or return to selling ROKU stock.
Learn more about Roku stock here
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