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Why Roku Stock Slipped 13% in the First Half of 2020

Why Roku Stock Slipped 13% in the First Half of 2020

Shares of Roku (NASDAQ: ROKU) dipped 13% across the first six months of the year, according to data from S&P Global Market Intelligence. After skyrocketing 330% in 2019, the streaming video stock was priced for perfection, and the company's valuation dipped even as it continued to deliver encouraging business performance. Roku stock lost ground due to a weaker environment for ad sales, concerns about a partnership with a key hardware partner, and some unfavorable coverage from analysts.