Roku Inc's stock experienced a sharp decline, plummeting 5.02% during Wednesday's trading session. This significant drop comes in the wake of a Morningstar report that shed light on fund managers who have destroyed the most investor capital over the past decade.
According to the report, Cathie Wood's ARK Invest, known for its substantial investments in companies like Roku, was identified as the worst-performing fund manager. The analysis revealed that ARK Invest has destroyed a staggering $13.4 billion in investor value over the last ten years. This negative spotlight on one of Roku's major investors appears to have sparked concerns among shareholders, leading to the sell-off.
The ARK Innovation ETF, ARK Invest's flagship fund which holds significant positions in Roku, has faced challenges in recent years. After a stellar performance in 2020 with a nearly 150% gain, the fund struggled in subsequent years, dropping 24% in 2021 and suffering a brutal 67% decline during the 2022 bear market. This ongoing volatility and underperformance of a major institutional investor have likely contributed to the negative sentiment surrounding Roku's stock today.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。