Roku Inc. (ROKU) on Thursday announced new Roku Express and Roku Ultra streaming devices, a day after the company's shares tumbled amid competition concerns ( ). Roku's Thursday announcements included the unveiling of the new Roku Express, which is 10% smaller than the older model and costs $29.99. The new Roku Ultra will sell for $99.99 and let users personalize their remotes. Comcast Corp. (CMCSA) on Wednesday said it would be giving away its Xfinity Flex streaming box for free to those on the media giant's internet-only plan, helping to send Roku shares more than 13% lower in the session. Roku's stock is off another 2% in premarket trading Thursday. The shares are up 324% so far this year, as the S&P 500 has risen 20%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 19, 2019 09:14 ET (13:14 GMT)
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