Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roku Inc shares valued at $13,511 were sold by Banks Matthew C. on Apr 01 ’24. At $65.27 per share, Banks Matthew C. sold 207 shares. The insider’s holdings dropped to 5,368 shares worth approximately $0.33 million following the completion of this transaction.
Also, Blackburn Jeffrey M purchased 8,000 shares, netting a total of over 511,680 in proceeds. Following the buying of shares at $63.96 each, the insider now holds 8,000 shares.
Before that, Collier Charles had sold 4,182 shares from its account. In a trade valued at $271,830, the President, Roku Media traded Roku Inc shares for $65.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,182 shares, worth approximately $0.52 million.
As published in a research note from Wells Fargo on February 27, 2024, Roku Inc [ROKU] has been rated down from an Equal weight to an Underweight and the price target has been revised to $51 from $77. Analysts at Citigroup resumed the stock at ‘”a Neutral”‘ outlook in a report released in late February. As of February 16, 2024, Pivotal Research Group has reiterated its “Hold” rating for ROKU. Earlier on February 16, 2024, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for ROKU stock which previously was a “an Outperform”.
Analyzing ROKU Stock Performance
During the last five days, there has been a surge of approximately 2.84%. Over the course of the year, Roku Inc shares have dropped approximately -32.41%. Shares of the company reached a 52-week high of $99.80 on 02/12/24 and a 52-week low of $58.40 on 04/05/24. A 50-day SMA is recorded $70.63, while a 200-day SMA reached $78.53. Nevertheless, trading volume fell to 2.25 million shares from 3.94 million shares the previous day.
Support And Resistance Levels for Roku Inc (ROKU)
According to the 24-hour chart, there is a support level at 60.90, which, if violated, would cause prices to drop to 59.86. In the upper region, resistance lies at 62.49. The next price resistance is at 63.04. RSI (Relative Strength Index) is 40.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 56.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Roku Inc subject to short interest?
Stocks of Roku Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.37 million shares to 9.06 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.43 million shares. A decline of -4.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.03 of the overall float, the days-to-cover ratio (short ratio) decline to 1.03.
