Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roku Inc shares valued at $76,250 were sold by Jedda Dan on Oct 15 ’24. At $76.25 per share, Jedda Dan sold 1,000 shares. The insider’s holdings dropped to 53,267 shares worth approximately $4.13 million following the completion of this transaction.
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Also, DANIEL JEDDA purchased 1,000 shares, netting a total of over 76,250 in proceeds.
Before that, Wood Anthony J. had sold 25,000 shares from its account. In a trade valued at $1,929,932, the CEO and Chairman BOD traded Roku Inc shares for $77.20 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.0.
As published in a research note from JP Morgan on October 10, 2024, Roku Inc [ROKU] has been retained to an Overweight and the price target has been revised to $92. Analysts at MoffettNathanson upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of September 12, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for ROKU. Earlier on September 05, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for ROKU stock which previously was a “an Underweight”.
Analyzing ROKU Stock Performance
During the last five days, there has been a surge of approximately 5.46%. Over the course of the year, Roku Inc shares have dropped approximately -15.44%. 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 $73.14, while a 200-day SMA reached $66.70. Nevertheless, trading volume fell to 6.31 million shares from 1.96 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 75.96, which, if violated, would cause prices to drop to 74.42. In the upper region, resistance lies at 79.17. The next price resistance is at 80.84. RSI (Relative Strength Index) is 56.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 40.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
