Roku Inc’s recent filing unveils that its VP, Corp Controller & CAO Banks Matthew C. unloaded Company’s shares for reported $13511.0 on Apr 01 ’24. In the deal valued at $65.27 per share,207 shares were sold. As a result of this transaction, Banks Matthew C. now holds 5,368 shares worth roughly $0.32 million.
Then, Blackburn Jeffrey M bought 8,000 shares, generating $511,680 in total proceeds. Upon buying the shares at $63.96, the Director now owns 8,000 shares.
Before that, Collier Charles sold 4,182 shares. Roku Inc shares valued at $271,830 were divested by the President, Roku Media at a price of $65.00 per share. As a result of the transaction, Collier Charles now holds 8,474 shares, worth roughly $0.5 million.
Wells Fargo downgraded its Roku Inc [ROKU] rating to an Underweight from a an Equal weight in a research note published on February 27, 2024; the price target was decreased to $51 from $77. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Neutral”‘ rating for it. Pivotal Research Group also remained covering ROKU and reiterated its “Hold” recommendation on February 16, 2024. Oppenheimer revised its rating on February 16, 2024. It rated ROKU as “a Perform” which previously was an “an Outperform”.
Price Performance Review of ROKU
On Monday, Roku Inc [NASDAQ:ROKU] saw its stock fall -1.60% to $58.94. Over the last five days, the stock has lost -3.14%. Roku Inc shares have fallen nearly -35.70% since the year began. Nevertheless, the stocks have fallen -6.92% over the past one year. While a 52-week high of $108.84 was reached on 02/12/24, a 52-week low of $51.62 was recorded on 04/15/24. SMA at 50 days reached $69.48, while 200 days put it at $78.48. A total of 3.4 million shares were traded, compared to the trading of 3.03 million shares in the previous session.
Levels Of Support And Resistance For ROKU Stock
The 24-hour chart illustrates a support level at 58.10, which if violated will result in even more drops to 57.26. On the upside, there is a resistance level at 60.08. A further resistance level may holdings at 61.22. The Relative Strength Index (RSI) on the 14-day chart is 33.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.45%. Stochastics %K at 22.59% indicates the stock is a holding.
