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 $0.62 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 $7.85 million.
TD Cowen reiterated its Itron Inc. [ITRI] rating to a Buy in a research note published on May 03, 2024; the price target was $115. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid March has reiterated a ‘”an Outperform”‘ rating for it. Robert W. Baird also remained covering ITRI and has increased its forecast on February 27, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Canaccord Genuity revised its rating on February 27, 2024. It rated ITRI as “a Buy” which previously was an “a Hold”.
Price Performance Review of ITRI
On Friday, Itron Inc. [NASDAQ:ITRI] saw its stock jump 7.20% to $107.01. Over the last five days, the stock has gained 11.76%. Itron Inc. shares have risen nearly 41.72% since the year began. Nevertheless, the stocks have risen 98.09% over the past one year. While a 52-week high of $100.95 was reached on 05/03/24, a 52-week low of $53.49 was recorded on 01/17/24. SMA at 50 days reached $91.59, while 200 days put it at $73.93. A total of 1.22 million shares were traded, compared to the trading of 1.35 million shares in the previous session.
Levels Of Support And Resistance For ITRI Stock
The 24-hour chart illustrates a support level at 102.42, which if violated will result in even more drops to 97.83. On the upside, there is a resistance level at 109.35. A further resistance level may holdings at 111.70. The Relative Strength Index (RSI) on the 14-day chart is 75.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.52%. Stochastics %K at 73.30% indicates the stock is a holding.
