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Roku stock rises to record high

Roku Inc. ROKU, +1.27% stock rose to a report prime in late morning trading Thursday, two days after the corporate released second-quarter profits that handily beat Wall Street expectations. Roku stock is up 4.3% as of 11:11 a.m. Eastern time to $59.80 because the S&P 500 index SPX, -0.71% has slid 0.6%. The move comes after Roku stated it deliberate to release its ad-supported loose streaming offering called the Roku Channel on the internet, playable on desktops and cellular units; one analyst has stated that facet of the business could be price $1 billion in marketplace valuation on its own. Roku lately enjoys a marketplace capitalization of more or less $6 billion, in step with FactSet.

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