Roku Inc’s filing revealed that its Officer Banks Matthew C. acquired Company’s shares for reported $0.13 million on Nov 18 ’24. In the deal valued at $72.66 per share,1,740 shares were bought.
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Then, CHARLES COLLIER bought 10,771 shares, generating $766,243 in total proceeds.
Before that, MATT BANKS bought 6,953 shares. Roku Inc shares valued at $494,611 were divested by the Officer at a price of $71.14 per share.
Robert W. Baird upgraded its Roku Inc [ROKU] rating to an Outperform from a a Neutral in a research note published on November 18, 2024; the price target was increased to $90 from $70. A number of analysts have revised their coverage, including JP Morgan’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Overweight”‘ rating for it. MoffettNathanson also remained covering ROKU and has increased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Sell” rating. Wolfe Research revised its rating on September 12, 2024. It rated ROKU as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of ROKU
On Monday, Roku Inc [NASDAQ:ROKU] saw its stock jump 7.49% to $74.03. Over the last five days, the stock has lost -4.01%. Roku Inc shares have fallen nearly -19.23% since the year began. Nevertheless, the stocks have fallen -17.28% 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 $74.53, while 200 days put it at $65.59.
Levels Of Support And Resistance For ROKU Stock
The 24-hour chart illustrates a support level at 71.35, which if violated will result in even more drops to 68.68. On the upside, there is a resistance level at 75.57. A further resistance level may holdings at 77.12. The Relative Strength Index (RSI) on the 14-day chart is 50.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.34%. Stochastics %K at 64.22% indicates the stock is a holding.
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.
