Cathie Wood's Roku bet: Streaming stock still down 73% from peak
By
Aditya Raghunath
Sesame, salt, and substance. A flagship bake.
Summary
The article analyzes Cathie Wood's investment in Roku (ROKU), a streaming platform stock that has fallen 73% from its all-time high. Wood holds 3.82 million shares worth approximately $497 million, making Roku her sixth-largest holding at 3.27% of her equity portfolio. The piece explores what Wood sees in the struggling stock, referencing a recent conference appearance by Roku's CFO.
Key quotes
· 3 pulledCathie Wood has never been shy about making big bets on names that most of Wall Street hasn't fully figured out yet.
As of the most recent data, Wood owns 3.82 million shares worth approximately $497 million.
That makes Roku (ROKU) her sixth-largest holding, representing 3.27% of her equity portfolio.
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