cathie-wood’s-ark-bought-more-roku-stock-this-analyst-sees-24%-downside.

Cathie Wood’s Ark Bought More Roku Stock. This Analyst Sees 24% Downside.

Roku’s earnings report last week sent shares into a free fall, but Cathie Wood’s ARK Invest was among the buyers.

Roku (ticker: ROKU) stock fell 23% on Friday after the company reported disappointing results and warned of uncertainty ahead for the advertising market. But the stock was up 10.1% to $72.14 in Monday trading after Cathie Wood’s ARK Invest disclosed the ARK Innovation ETF (ARKK) bought 373,857 shares on Friday. ARK Next Generation Internet exchange-traded fund (ARKW) and the ARK Fintech Innovation ETF (ARKF) also bought 37,570 and 37,570 shares, respectively, on Friday.

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