Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roku Inc shares valued at $75,000 were sold by Jedda Dan on Nov 19 ’24. At $75.00 per share, Jedda Dan sold 1,000 shares. The insider’s holdings dropped to 65,555 shares worth approximately $4.5 million following the completion of this transaction.
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Also, Collier Charles sold 10,771 shares, netting a total of over 766,273 in proceeds. Following the sale of shares at $71.14 each, the insider now holds 3,790 shares.
Before that, Collier Charles had sold 3,590 shares from its account. In a trade valued at $269,250, the President, Roku Media traded Roku Inc shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,590 shares, worth approximately $13736.000000000002.
As published in a research note from Robert W. Baird on November 18, 2024, Roku Inc [ROKU] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $70. Analysts at JP Morgan resumed the stock at ‘”an Overweight”‘ outlook in a report released in early October. As of October 01, 2024, MoffettNathanson has increased its “Sell” rating to a “Neutral” for ROKU. Earlier on September 12, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for ROKU stock which previously was a “a Peer perform”.
Analyzing ROKU Stock Performance
During the last five days, there has been a drop of approximately -7.59%. Over the course of the year, Roku Inc shares have dropped approximately -25.07%. 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 $74.56, while a 200-day SMA reached $65.27. Nevertheless, trading volume fell to 2.71 million shares from 8.63 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 67.94, which, if violated, would cause prices to drop to 67.19. In the upper region, resistance lies at 69.64. The next price resistance is at 70.60. RSI (Relative Strength Index) is 42.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.96, which suggests the price will decrease in the coming days. Percent R is at 70.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
