In a filing, Iteris Inc. revealed its 10% Owner Samjo Management, LLC unloaded Company’s shares for reported $0.2 million on Jun 17 ’24. In the deal valued at $4.18 per share,48,500 shares were sold. As a result of this transaction, Samjo Management, LLC now holds 6,213,300 shares worth roughly $26.59 million.
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Then, Samjo Management, LLC sold 59,000 shares, generating $245,440 in total proceeds. Upon selling the shares at $4.16, the 10% Owner now owns 6,261,800 shares.
Before that, Kreter Todd sold 2,585 shares. Iteris Inc. shares valued at $11,126 were divested by the Sr. Vice President at a price of $4.30 per share. As a result of the transaction, Kreter Todd now holds 96,645 shares, worth roughly $0.41 million.
Maxim Group initiated its Iteris Inc. [ITI] rating to a Buy in a research note published on April 30, 2024; the price target was $11. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. JMP Securities started covering the stock on January 25, 2018. It rated ITI as “a Mkt outperform”.
Price Performance Review of ITI
On Tuesday, Iteris Inc. [NASDAQ:ITI] saw its stock jump 1.66% to $4.28. Over the last five days, the stock has lost -2.06%. Iteris Inc. shares have fallen nearly -17.69% since the year began. Nevertheless, the stocks have risen 0.94% over the past one year. While a 52-week high of $5.49 was reached on 02/12/24, a 52-week low of $3.72 was recorded on 06/14/24. SMA at 50 days reached $4.54, while 200 days put it at $4.62. A total of 84821.0 shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For ITI Stock
The 24-hour chart illustrates a support level at 4.18, which if violated will result in even more drops to 4.09. On the upside, there is a resistance level at 4.36. A further resistance level may holdings at 4.45. The Relative Strength Index (RSI) on the 14-day chart is 39.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.90%. Stochastics %K at 31.03% indicates the stock is a holding.
The most recent change occurred on July 18, 2017 when Dougherty & Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.
