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Roku has tripled since going public - and traders betting against the stock are getting crushed

6 monthes ago   |   By

Reuters / Brendan McDermid
Roku has tripled since going public in late September, spiking on Monday after reporting sales that beat Wall Street estimates.
Traders betting against Roku have lost more than $100 million since the company's initial public offering.
When it comes to television these days, it never pays to bet against the cord cutters.
Traders in the newly public Roku are finding that out the hard way.
They've piled into wagers against the company as the stock - which started trading on September 27 - has tripled in price. That surge to $42 a share from the initial public...
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One of the top recruitment firms on Wall Street published its annual compensation guide for traders - and it's not pretty

One of the top recruitment firms on Wall Street published its annual compensation guide for traders - and it's not pretty

6 monthes ago   |   By

Spencer Platt/Getty Images
According to an annual survey by Wall Street recruiting firm Options Group , compensation is going to drop for just about every business line in trading.
Those running electronic markets for fixed income and equities are the exception.
Investment bankers should expect a 10% increase on average.
It's not looking good for Wall Street traders.
According to an annual survey by Wall Street recruiting firm Options Group, total compensation for fixed income and equities professionals in the US will be down 7% from last year, on average.
The decline is steeper still for...
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Belfast's Europa Hotel hosts major celebration of tourism

Belfast's Europa Hotel hosts major celebration of tourism

Yesterday, Belfast's now-famous Europa Hotel hosted a major celebration of tourism, 40 years on from when it had the disreputable tag of most bombed hotel in the world. In... Read more ...

Ugandan religious leaders urge citizens to be sensitive about tourism

Ugandan religious leaders urge citizens to be sensitive about tourism

Ugandan religious leaders have called for sensitisation of the citizens about the country's potential as a world class tourism destination. The leaders who were being flagged... Read more ...

Airport Authority Welcomes Board Appointments

Airport Authority Welcomes Board Appointments

Airport Authority Hong Kong today welcomes the re-appointment of Jack So Chak-kwong as the Chairman of the Board for a second term of three years by the Chief Executive of the... Read more ...

The general manager of Madison Beach Hotel named CT Tourism ‘Leader of the Year'

The general manager of Madison Beach Hotel named CT Tourism ‘Leader of the Year'

The Connecticut Office of Tourism has named John Mathers, general manager of Madison Beach Hotel, Curio Collection by Hilton as the “Leader of the Year”. Mathers is one among... Read more ...

Tunisian tourism makes significant recovery

Tunisian tourism makes significant recovery

Tunisian tourism, which was hit hard by jihadist attacks in 2015, has almost recovered with revenues up nearly a third so far this year, the sector's minister said... Read more ...

Uganda religious leaders will now market the domestic & international...

Uganda religious leaders will now market the domestic & international tourism of the country

Lately, the religious leaders of Uganda have urged for a mass sensitization of the locals on the possibility of the country as a world class tourism destination. Read more ...

Italian Exhibition Group launches Shanghai World Travel Forum 24-27 May 2018

Italian Exhibition Group launches Shanghai World Travel Forum 24-27 May 2018

SWTF is co-organised by Shanghai Municipal Tourism Administration and Europe Asia Global Link Exhibitions - the joint-venture by IEG and VNU Exhibitions Asia - and in... Read more ...

Tourism economy of Wisconsin tops $20.6 billion in 2017

Tourism economy of Wisconsin tops $20.6 billion in 2017

The tourism economy in Wisconsin has topped to 20.6 billion in 2017. It was $631 million increase from 2016. The direct visitor spending reached $12.7 billion, a 3.17-percent... Read more ...

World's largest bird sculpture to be inaugurated in Thiruvananthapuram

World's largest bird sculpture to be inaugurated in Thiruvananthapuram

Kerala tourism will be inaugurating the world's largest bird sculpture, Jatayu Earth's Centre, in Thiruvananthapuram on July 4, as said by the Tourism Minister of the state... Read more ...

Chinese tourist incentives perk up visitor numbers

Chinese tourist incentives perk up visitor numbers

Government efforts to expand tourism from China appear to be paying bonus, with special emphasize on the number of Chinese visitors in an otherwise lackluster tourism... Read more ...