Roku Stock Hits a New 52-Week High: Is It a Buy?
Fox announced on Monday that it is acquiring the company for roughly $22 billion.
Roku Stock Hits a New 52-Week High: Is It a Buy?
Overview
Roku (NASDAQ: ROKU) has been soaring in recent days amid rumors of a major acquisition, sending the stock to new heights. On Monday, a deal was formally announced, and the stock fell modestly, closing just under $141, up 30% year to date. Not only has it hit a new 52-week high recently, but it's now trading at levels it hasn't been at in multiple years.
Is it likely to rise even higher, or is it too late to buy the streaming stock now that a deal has been announced?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
