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Roku Stock Rebounds 20% Amid Reports of Possible Acquisition by Netflix

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thewrap.com
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according to Business Insider. The embattled company saw its share price rise 10% Wednesday while Netflix’s stock price has risen 2%.

In response to recent chatter, Roku has reportedly halted the employee trading window, which prevents employees from selling vested stock.

Traditionally, this strategy is employed shortly before a company makes an announcement that will impact their share price in order to circumvent potential insider trading.

Roku declined to comment on the reports. Netflix didn’t immediately respond to TheWrap’s request for comment.Roku has grown to more than 60 million active users, but is still largely considered too small to compete with Google, Apple and Amazon in the streaming device marketplace.

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