This post was originally published on this site
However, because the global economy is gradually reopening, boosted by the strong vaccination drive, ROKU’s viewership declined slightly in its fiscal second quarter (ended June 30). This, coupled with tight component supply conditions and increasing costs, has caused the stock to plummet.
Shares of ROKU have dipped 6.3% in price over the past six months and 14.9% over the past month to close yesterday’s trading session at $338.46.
