Stocks

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

7 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

7 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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