Roku Inc’s filing revealed that its VP, Corp Controller & CAO Banks Matthew C. unloaded Company’s shares for reported $11800.0 on May 01 ’24. In the deal valued at $57.28 per share,206 shares were sold. As a result of this transaction, Banks Matthew C. now holds 5,162 shares worth roughly $0.31 million.
Then, Banks Matthew C. sold 207 shares, generating $13,511 in total proceeds. Upon selling the shares at $65.27, the VP, Corp Controller & CAO now owns 5,368 shares.
Before that, Blackburn Jeffrey M bought 8,000 shares. Roku Inc shares valued at $511,680 were divested by the Director at a price of $63.96 per share. As a result of the transaction, Blackburn Jeffrey M now holds 8,000 shares, worth roughly $0.48 million.
A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Wells Fargo also remained covering ROKU and has decreased its forecast on February 27, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Citigroup maintained its rating on February 21, 2024. It rated ROKU as “a Neutral”.
Price Performance Review of ROKU
On Monday, Roku Inc [NASDAQ:ROKU] saw its stock jump 2.06% to $60.33. Over the last five days, the stock has gained 2.85%. Roku Inc shares have fallen nearly -34.18% since the year began. Nevertheless, the stocks have risen 14.28% 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 04/26/24. SMA at 50 days reached $61.97, while 200 days put it at $77.64. A total of 3.09 million shares were traded, compared to the trading of 2.67 million shares in the previous session.
Levels Of Support And Resistance For ROKU Stock
The 24-hour chart illustrates a support level at 59.53, which if violated will result in even more drops to 58.73. On the upside, there is a resistance level at 61.15. A further resistance level may holdings at 61.97. The Relative Strength Index (RSI) on the 14-day chart is 48.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.51%. Stochastics %K at 51.97% indicates the stock is a holding.
The most recent change occurred on February 16, 2024 when Pivotal Research Group resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $75.
