Itron Inc.’s recent filing unveils that its Director Lande Jerome J. unloaded Company’s shares for reported $1.42 million on Mar 07 ’24. In the deal valued at $95.25 per share,14,896 shares were sold. As a result of this transaction, Lande Jerome J. now holds 5,750 shares worth roughly $0.52 million.
Then, Deitrich Thomas sold 3,353 shares, generating $305,198 in total proceeds. Upon selling the shares at $91.02, the President & CEO now owns 198,498 shares.
Before that, Hooper Joan S sold 1,790 shares. Itron Inc. shares valued at $162,930 were divested by the SVP & CFO at a price of $91.02 per share. As a result of the transaction, Hooper Joan S now holds 73,348 shares, worth roughly $6.68 million.
TD Cowen reiterated its Itron Inc. [ITRI] rating to an Outperform in a research note published on March 13, 2024; the price target was $110. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. Canaccord Genuity also remained covering ITRI and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “Hold” rating. Oppenheimer revised its rating on January 19, 2024. It rated ITRI as “an Outperform” which previously was an “a Perform”.
Price Performance Review of ITRI
On Tuesday, Itron Inc. [NASDAQ:ITRI] saw its stock fall -0.68% to $91.06. Over the last five days, the stock has gained 1.10%. Itron Inc. shares have risen nearly 20.59% since the year began. Nevertheless, the stocks have risen 72.79% over the past one year. While a 52-week high of $96.73 was reached on 03/08/24, a 52-week low of $50.60 was recorded on 01/17/24. SMA at 50 days reached $84.74, while 200 days put it at $71.93. A total of 0.23 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For ITRI Stock
The 24-hour chart illustrates a support level at 90.26, which if violated will result in even more drops to 89.45. On the upside, there is a resistance level at 91.99. A further resistance level may holdings at 92.91. The Relative Strength Index (RSI) on the 14-day chart is 56.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.52%. Stochastics %K at 70.50% indicates the stock is a holding.
How much short interest is there in Itron Inc.?
A steep rise in short interest was recorded in Itron Inc. stocks on Mar 28, 2024, dropping by 90000.0 shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.5 million shares. There was a decline of -6.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.83.
