Cathie Wood’s ARK pounces on Roku after analyst downgrade

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Cathie Wood’s ARK Invest snapped up shares in streaming device maker Roku ROKU, -11.34%, as the stock plunged 11% after an analyst downgrade to sell. The ARK Innovation ETF ARKK, -1.85% bought $62 million worth of Roku, and the ARK Next Generation Internet ETF ARKW, -1.18% purchased $16 million of Roku stock, according to the firm’s disclosure of its moves.

This article was originally published by Marketwatch.com. Read the original article here.

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