What Roku’s Stock Price Surge Means for the Streaming Platform

Thursday’s spike comes a few days after Roku reported its customers spent 49% more time watching content during Q1 than same period last year

Add Roku to the list of companies benefiting from mass quarantining, with the streaming device maker’s stock price rocketing 15% on Thursday morning to $130 per share. Will Roku’s big run continue?

Thursday’s stock spike follows an already strong run from Roku, which has seen its share price increase more than 45% since the beginning of the month. It has been a wild ride for Roku of late, just as it has been for most other publicly traded companies. The Los Gatos, California-based company was trading near $130 per share in February but was initially hit hard when the pandemic came to the U.S, with the company’s share price dipping to about $63 by mid-March.

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Sean Burch

Tech reporter • sean.burch@thewrap.com • @SeanB44