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The Attractiveness of Investing In Roku Inc (ROKU) is Growing

Roku Inc’s filing revealed that its SVP General Counsel, Secretary KAY STEPHEN H unloaded Company’s shares for reported $0.67 million on Jun 13 ’24. In the deal valued at $55.59 per share,12,124 shares were sold. As a result of this transaction, KAY STEPHEN H now holds 91,905 shares worth roughly $5.64 million.

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Then, Fyfield Mai sold 650 shares, generating $37,622 in total proceeds. Upon selling the shares at $57.88, the Director now owns 3,259 shares.

Before that, Banks Matthew C. sold 838 shares. Roku Inc shares valued at $48,462 were divested by the VP, Corp Controller & CAO at a price of $57.83 per share. As a result of the transaction, Banks Matthew C. now holds 5,794 shares, worth roughly $0.36 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 Tuesday, Roku Inc [NASDAQ:ROKU] saw its stock fall -1.78% to $61.36. Over the last five days, the stock has gained 12.30%. Roku Inc shares have fallen nearly -33.06% since the year began. Nevertheless, the stocks have fallen -4.07% over the past one year. While a 52-week high of $108.84 was reached on 02/12/24, a 52-week low of $51.51 was recorded on 06/20/24. SMA at 50 days reached $58.23, while 200 days put it at $73.07. A total of 3.07 million shares were traded, compared to the trading of 4.9 million shares in the previous session.

Levels Of Support And Resistance For ROKU Stock

The 24-hour chart illustrates a support level at 60.34, which if violated will result in even more drops to 59.33. On the upside, there is a resistance level at 62.55. A further resistance level may holdings at 63.75. The Relative Strength Index (RSI) on the 14-day chart is 63.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.59%. Stochastics%K at 86.26% indicates the stock is a selling.

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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