In a regulatory filing, Sumitomo Mitsui Group disclosed a 5.06% stake in Roku (ROKU), representing 6,451,262 shares. The filing does not allow for activism. Shares of Roku are up 5.8% in afternoon trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROKU:
- Unusually active option classes on open November 5th
- Roku’s Financial Tightrope: Navigating Risks from New Credit Agreement
- Roku price target lowered to $55 from $60 at Jefferies
- Cathie Wood’s ARK Investment buys 309K shares of Roku today
- Roku Q3 raised as many questions than answers, says Macquarie