Netflix, Amazon and Stay-At-Home Media Stocks Soar

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Shares of Hollywood stay-at-home streaming stocks keep rising as Americans get their TV fixes online amid the coronavirus pandemic

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And shares in Amazon also reached a new 52-week high after rising earlier in the day to $2292.00. The Amazon stock then settled back down at the close to $2283.32, after rising by 5.2 percent or $114.45 on the day. Elsewhere on Tuesday, Roku saw its stock price jump by $9.97, or 10.3 percent, to $106.53, after having invested heavily in building out its TV streaming platform. Roku, in providing an update on Monday to its 2020 outlook amid the virus pandemic and ahead of a May first quarter reporting date, said it had reached 39.8 million active accounts as of March 31, 2020, up by nearly 3 million since December.

 

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Make no mistake, shares of Netflix also keep rising because their universal content is light years beyond everybody else.

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