Roku has tripled since going public — and traders betting against the stock are getting crushed (ROKU)
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
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