Why Roku Stock Slipped on Friday

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Why Roku Stock Slipped on Friday
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What happened Shares of Roku (NASDAQ: ROKU) traded lower on Friday, with the stock falling as much as 4.9% earlier in the session, and ultimately ended the trading day down 4.7%. The streaming video specialist slumped on reports that Cathie Wood, the founder and CEO of ARK Investment Management has been selling Roku shares from ARK's exchange-traded funds (ETFs).

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