Cathie Wood Just Bought More Shares of Roku Stock. Should You?
Roku(ROKU) The Motley Fool·2024-02-25 05:44Roku (ROKU 1.88%) stock has been sinking over the past few weeks. The plunge began when Walmart announced it was buying Roku competitor Vizio, and then it continued after Roku released its earnings report last week. It's now down 30% since the year started, erasing much of its 2023 gains.Ever the contrarian, Ark Invest's Cathie Wood has been taking advantage of the plunging price to scoop up shares of Roku stock. Should investors follow her lead?Why Roku stock is downRoku is known for its streaming devices, ...