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 $14,696 were sold by Banks Matthew C. on Dec 02 ’24. At $69.65 per share, Banks Matthew C. sold 211 shares. The insider’s holdings dropped to 7,053 shares worth approximately $0.58 million following the completion of this transaction.
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Also, MATT BANKS purchased 211 shares, netting a total of over 14,696 in proceeds.
Before that, Jedda Dan had sold 1,000 shares from its account. In a trade valued at $75,000, the CFO traded Roku Inc shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $5.44 million.
As published in their initiating research note from UBS on November 22, 2024, Roku Inc [ROKU] has been a Neutral and the price target has been revised to $73. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of October 10, 2024, JP Morgan has reiterated its “an Overweight” rating for ROKU. Earlier on October 01, 2024, MoffettNathanson upgraded its rating. Their new recommendation was “a Neutral” for ROKU stock which previously was a “a Sell”.
Analyzing ROKU Stock Performance
During the last five days, there has been a surge of approximately 25.08%. Over the course of the year, Roku Inc shares have dropped approximately -9.51%. 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 $73.98, while a 200-day SMA reached $64.63. Nevertheless, trading volume fell to 12.2 million shares from 4.14 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 79.42, which, if violated, would cause prices to drop to 75.89. In the upper region, resistance lies at 86.21. The next price resistance is at 89.47. RSI (Relative Strength Index) is 64.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.82, which suggests the price will increase in the coming days. Percent R is at 15.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
