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 $0.32 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 $0.51 million.
Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of February 27, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for ROKU. Earlier on February 21, 2024, Citigroup resumed its rating. Their recommendation was “a Neutral” for ROKU stock.
Analyzing ROKU Stock Performance
During the last five days, there has been a drop of approximately -4.56%. Over the course of the year, Roku Inc shares have dropped approximately -34.60%. Shares of the company reached a 52-week high of $99.80 on 02/12/24 and a 52-week low of $56.10 on 04/26/24. A 50-day SMA is recorded $62.14, while a 200-day SMA reached $77.80. Nevertheless, trading volume fell to 2.65 million shares from 4.34 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 58.66, which, if violated, would cause prices to drop to 57.38. In the upper region, resistance lies at 60.61. The next price resistance is at 61.28. RSI (Relative Strength Index) is 47.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 45.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
