Roku Inc’s filing revealed that its CEO and Chairman BOD Wood Anthony J. unloaded Company’s shares for reported $1.88 million on Nov 11 ’24. In the deal valued at $75.00 per share,25,000 shares were sold. As a result of this transaction, Wood Anthony J. now holds 26,538 shares worth roughly $2.03 million.
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Then, THE WOOD REVOCABLE TRUST U/A D bought 25,000 shares, generating $1,845,500 in total proceeds.
Before that, Banks Matthew C. sold 210 shares. Roku Inc shares valued at $13,306 were divested by the VP, Corp Controller & CAO at a price of $63.36 per share. As a result of the transaction, Banks Matthew C. now holds 6,843 shares, worth roughly $0.52 million.
JP Morgan reiterated its Roku Inc [ROKU] rating to an Overweight in a research note published on October 10, 2024; the price target was $92. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who increased its forecast for the stock in early October from “a Sell” to “a Neutral”. Wolfe Research also remained covering ROKU and has increased its forecast on September 12, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Wells Fargo revised its rating on September 05, 2024. It rated ROKU as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of ROKU
On Tuesday, Roku Inc [NASDAQ:ROKU] saw its stock fall -0.65% to $76.62. Over the last five days, the stock has gained 9.98%. Roku Inc shares have fallen nearly -16.41% since the year began. Nevertheless, the stocks have fallen -5.77% over the past one year. While a 52-week high of $108.84 was reached on 02/12/24, a 52-week low of $48.33 was recorded on 08/05/24. SMA at 50 days reached $73.89, while 200 days put it at $65.92.
Levels Of Support And Resistance For ROKU Stock
The 24-hour chart illustrates a support level at 75.67, which if violated will result in even more drops to 74.71. On the upside, there is a resistance level at 77.66. A further resistance level may holdings at 78.69. The Relative Strength Index (RSI) on the 14-day chart is 55.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.88%. Stochastics %K at 82.14% indicates the stock is a selling.
How much short interest is there in Roku Inc?
A steep rise in short interest was recorded in Roku Inc stocks on 2024-10-31, dropping by -1.42 million shares to a total of 8.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.35 million shares. There was a decline of -15.92%, which implies that there is a negative sentiment for the stock.
