Roku is a Buy for ARK's Cathie Wood with shares cut in half from high
$ARK Innovation ETF(ARKK.US$ ARK Investment Management bought shares of $Roku Inc(ROKU.US$ for the second-straight session as the stock continues to struggle.
ROKU is down 1.3% before the bell.
The stock is down more than 50% from its all-time closing high set in July. It's down more than 16% in the past week.
Cathie Wood's shop bought more than 158K shares of Roku (ROKU) for the flaship ARK Innovation ETF on Monday, and more than 44K shares for the $ARK Next Generation Internet ETF(ARKW.US$.
On Friday, ARK picked up more than 161.5K shares for ARKK and about 43.5K shares for ARKW.
Roku announced last week than it plans to produce more than 50 original shows over the next two years as it makes a content push.
MoffettNathanson slashed its price target and downgraded the stock to Sell on concerns over video ad revenue.
But Guggenheim says the "perfect storm of negativity" has led to a buying opportunity.
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wild horse : Cathie has foresight. Roku will decimate all the bears in the years to come. Tesla 2.0.
Milenko : Cathie Wood also bought more PTON and DKNG on the downside at a much higher price too.
T_shares Milenko: Cathie Woods picks, with the exception of TSLA, have been less than stellar to put it mildly.
EEC6iRWd4p T_shares: 2020 was an anomaly year. Everyone made a killing in 2020. She certainly made a name for herself then.
The more times she appears on CNBC, the more free publicity she gets. I’ve listened to her speak, and I am not easily impressed.
TvhXCjkODq EEC6iRWd4p: Buying ROKU I can understand although not doubling up.
PTON AND DKNG???
Got to be kiddin...
vYcu5FgULx Milenko: ARKK from 2017 to Feb 2020. Up 180%.
While I may not agree with some of her investments. She was doing something right.
rvsESOg2h3 : its not her money, she is playing with money from all baggies around the world?!
Ft7foG07XE : If it is a Buy for C Wood, it is a sell for everyone else.
Someone should go to the nursing home where she lives and stop her from trading away people's retirement savings.
hard working : Of course is a buy... buy my bag, please, thanks in advance
where is my money : "Streaming device makers are obviously getting in on Black Friday, too. Roku this year is introducing the LE, a $15 streaming player exclusive to Walmart."
huge #s coming next week
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