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Why Roku Shares Are Falling

Published 26/04/2022, 19:11
© Reuters.  Why Roku Shares Are Falling
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Shares of several gaming, streaming and social media companies, including Roku Inc (NASDAQ: ROKU), are trading lower amid overall market weakness as stocks continue to fall amid concerns over the potential economic impacts of Fed rate hikes and the Russia-Ukraine conflict. Traders also weigh recent earnings reports.

The 10-year note has risen from a low of 0.5% in 2020 to nearly 3.0% in April. In general, earnings years into the future are worth less today when interest rates rise. A rise in Treasury yields also correlates to a rise in bonds, which has the effect of dissuading cash from flowing into high-growth, high price/earnings stocks.

See Also: What's Going On With Microsoft (NASDAQ:MSFT) Stock Today?

According to data from Benzinga Pro, Roku is trading lower by 7.70% at $93.60. Roblox has a 52-week high of $490.76 and a 52-week low of $91.26.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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