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Jefferies gives an Underperform recommendation for Roku Inc (ROKU)

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Roku Inc’s recent filing unveils that its Director Fyfield Mai unloaded Company’s shares for reported $37622.0 on Jun 10 ’24. In the deal valued at $57.88 per share,650 shares were sold. As a result of this transaction, Fyfield Mai now holds 3,259 shares worth roughly $0.19 million.

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Then, Banks Matthew C. sold 838 shares, generating $48,462 in total proceeds. Upon selling the shares at $57.83, the VP, Corp Controller & CAO now owns 5,794 shares.

Before that, Collier Charles sold 7,181 shares. Roku Inc shares valued at $409,532 were divested by the President, Roku Media at a price of $57.03 per share. As a result of the transaction, Collier Charles now holds 15,654 shares, worth roughly $0.91 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 0.92% to $57.88. Over the last five days, the stock has lost -0.10%. Roku Inc shares have fallen nearly -36.85% since the year began. Nevertheless, the stocks have fallen -16.24% over the past one year. While a 52-week high of $108.84 was reached on 02/12/24, a 52-week low of $55.01 was recorded on 05/29/24. SMA at 50 days reached $59.41, while 200 days put it at $74.89. A total of 1.86 million shares were traded, compared to the trading of 2.61 million shares in the previous session.

Levels Of Support And Resistance For ROKU Stock

The 24-hour chart illustrates a support level at 56.92, which if violated will result in even more drops to 55.96. On the upside, there is a resistance level at 58.44. A further resistance level may holdings at 59.00. The Relative Strength Index (RSI) on the 14-day chart is 46.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.09%. Stochastics %K at 49.59% 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.

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