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10% Owner Samjo Management, LLC sold 48,500 shares of Iteris Inc. [ITI]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Iteris Inc. shares valued at $202,730 were sold by Samjo Management, LLC on Jun 17 ’24. At $4.18 per share, Samjo Management, LLC sold 48,500 shares. The insider’s holdings dropped to 6,213,300 shares worth approximately $27.59 million following the completion of this transaction.

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Also, Samjo Management, LLC sold 59,000 shares, netting a total of over 245,440 in proceeds. Following the sale of shares at $4.16 each, the insider now holds 6,261,800 shares.

Before that, Kreter Todd had sold 2,585 shares from its account. In a trade valued at $11,126, the Sr. Vice President traded Iteris Inc. shares for $4.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,585 shares, worth approximately $0.43 million.

As published in their initiating research note from Maxim Group on April 30, 2024, Iteris Inc. [ITI] has been a Buy and the price target has been revised to $11. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. Earlier on January 25, 2018, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for ITI stock.

Analyzing ITI Stock Performance

During the last five days, there has been a surge of approximately 5.46%. Over the course of the year, Iteris Inc. shares have dropped approximately -14.62%. Shares of the company reached a 52-week high of $5.41 on 02/12/24 and a 52-week low of $4.03 on 06/26/24. A 50-day SMA is recorded $4.45, while a 200-day SMA reached $4.60. Nevertheless, trading volume fell to 0.16 million shares from 0.12 million shares the previous day.

Support And Resistance Levels for Iteris Inc. (ITI)

According to the 24-hour chart, there is a support level at 4.34, which, if violated, would cause prices to drop to 4.27. In the upper region, resistance lies at 4.49. The next price resistance is at 4.57. RSI (Relative Strength Index) is 55.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 30.19%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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