financetom
Business
financetom
/
Business
/
Roku Branded TVs Got 'Lot of Floor Space' Relative to Licensed TVs, Wedbush's Black Friday Review Shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Roku Branded TVs Got 'Lot of Floor Space' Relative to Licensed TVs, Wedbush's Black Friday Review Shows
Dec 2, 2024 9:01 AM

11:35 AM EST, 12/02/2024 (MT Newswires) -- Roku ( ROKU ) branded TVs got "a lot of floor space" relative to its licensed TVs across various retailers checked by Wedbush Securities pre- and post-Black Friday this year, the brokerage said Monday.

"Last year, only lower-tier/lower-priced licensed Roku TV sold through well, while this year we saw broad selection, favorable placement, and significantly more sell-through of Roku's ( ROKU ) branded TVs across most of the retailers we checked," Wedbush analysts, including Alicia Reese, said in a note to clients.

This year's Black Friday saw gaming peripherals rebound further, with Logitech ( LOGI ) , Corsair (CRSR), and Turtle Beach ( HEAR ) all selling through "well" across various categories, with Turtle Beach ( HEAR ) being the standout, according to the note.

"Black Friday 2024 in the video game space saw ample inventory of high-end consoles, a large variety of bundle options for the current generation of consoles, good discounts on recently released software, and, finally, a discount on the Nintendo Switch consoles," the analysts said.

Roku ( ROKU ) shares were up 7.6% in recent trading, while Corsair rose 6.3%. Turtle Beach ( HEAR ) increased 4.6%.

Price: 74.25, Change: +5.22, Percent Change: +7.56

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RBC Capital Markets Details Takeaways From Crescent Point's Investor Day
RBC Capital Markets Details Takeaways From Crescent Point's Investor Day
Mar 25, 2024
10:07 AM EDT, 03/25/2024 (MT Newswires) -- RBC Capital Markets on Monday outlined highlights from Crescent Point Energy Corp. ( CPG ) 's Investor Day in Calgary. RBC said the company focused on technical details regarding its Montney/Duvernay plays as well as its medium/long term outlook. RBC reiterated its constructive stance on the company, saying that its outlook for Crescent...
Taseko Mines Rises 4%, TD Says Gibraltar Purchase Accretive
Taseko Mines Rises 4%, TD Says Gibraltar Purchase Accretive
Mar 25, 2024
10:08 AM EDT, 03/25/2024 (MT Newswires) -- Taseko Mines ( TGB ) rose more than 4% on Monday. The Vancouver-based copper mining company announced an agreement to purchase the remaining 12.5% interest in its flagship Gibraltar mine. TD analyst Craig Hutchison said the transaction is accretive to Taseko's valuation, and its copper production will increase by 14% on an attributable...
Worthington Enterprises Insider Sold Shares Worth $4,241,160, According to a Recent SEC Filing
Worthington Enterprises Insider Sold Shares Worth $4,241,160, According to a Recent SEC Filing
Mar 25, 2024
10:07 AM EDT, 03/25/2024 (MT Newswires) -- Michael J Endres, Director, on March 22, 2024, sold 66,000 shares in Worthington Enterprises ( WOR ) for $4,241,160. Following the Form 4 filing with the SEC, Endres has control over a total of 76,689 shares of the company, with 76,689 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/108516/000095017024035680/xslF345X03/ownership.xml Price: 64.28, Change: +0.03, Percent Change:...
What's Going On With Vista Outdoor Shares Today?
What's Going On With Vista Outdoor Shares Today?
Mar 25, 2024
MNC Capital Partners escalated its bid to acquire Vista Outdoor, Inc. ( VSTO ) to $37.50 per share, a proposal valuing the company at ~$3.0 billion.  The revised offer represents a premium of over 16% to Vista’s closing price of $32.26 on Friday. This new bid surpasses Vista’s pre-offer share price of below $30.00 and significantly increases MNC’s initial February 19, 2024, offer....
Copyright 2023-2026 - www.financetom.com All Rights Reserved