- Roku (NASDAQ:ROKU) was on one of the tech sector's top gainers Friday, as its shares surged 12.6% due to recent trends of solid volume and bullish options activity.
- Roku ended the day at $473.65 a share, and is back within range of its all-time high of $486.72, which it hit in mid-February.
- The streaming TV platform leader's shares have had a healthy gain this week since the company announced an Olympic streaming offering with NBC Universal (NASDAQ:CMCSA). But, Friday's move was an outlier among this week's stock-trading sessions.
- More than 10 million Roku shares traded hands on Friday, more than double the stock's daily average volume of 4.13 million shares.
- Roku also benefitted from the blowout earnings results from Snap and Twitter, which are drawing attention to the overall advertising market recovery.
- Meanwhile, the drumbeat for original content at Roku continues as it teams with stalwart whiskey brand Maker's Mark to offer The Show Next Door, a weekly talk show hosted by actor Randall Park. That comes from Roku Brand Studio, the company's in-house custom-content offering for advertisers.
- The Show Next Door will stream free on The Roku Channel as well as across Maker's Mark's social platforms.