Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roku Inc shares valued at $233,350 were sold by Collier Charles on Jul 16 ’24. At $65.00 per share, Collier Charles sold 3,590 shares. The insider’s holdings dropped to 12,064 shares worth approximately $0.68 million following the completion of this transaction.
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Also, KAY STEPHEN H sold 12,124 shares, netting a total of over 673,973 in proceeds. Following the sale of shares at $55.59 each, the insider now holds 91,905 shares.
Before that, Fyfield Mai had sold 650 shares from its account. In a trade valued at $37,622, the Director traded Roku Inc shares for $57.88 each. Upon closing the transaction, the insider’s holdings decreased to 650 shares, worth approximately $0.18 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 surge of approximately 6.40%. Over the course of the year, Roku Inc shares have dropped approximately -38.66%. Shares of the company reached a 52-week high of $99.80 on 02/12/24 and a 52-week low of $48.33 on 08/05/24. A 50-day SMA is recorded $57.98, while a 200-day SMA reached $71.69. Nevertheless, trading volume fell to 2.43 million shares from 2.68 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 55.23, which, if violated, would cause prices to drop to 54.25. In the upper region, resistance lies at 57.22. The next price resistance is at 58.23. RSI (Relative Strength Index) is 47.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 30.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
