Roku stock closes at record high for fourth consecutive session, market cap above $10 billion
Roku Inc. shares jumped another 6.2% Friday to close at $95.78, establishing a new record high for the fourth consecutive session. Roku stock has been on a roll since the streaming-television company reported strong revenue growth on May 8, gaining 47.5% since that date. For the week, Roku stock increased 14%, after jumping 27.3% in the week of its first-quarter earnings report. Shares have now more than tripled in 2019, gaining 212% this year as the S&P 500 index has gained 12.6%. The gains pushed Roku's market capitalization into 11 figures for the first time at the end of Thursday's session before closing Friday at $10.9 billion, according to FactSet.
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