Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Itron Inc. shares valued at $3,930,998 were sold by Deitrich Thomas on Oct 01 ’24. At $104.83 per share, Deitrich Thomas sold 37,500 shares. The insider’s holdings dropped to 205,276 shares worth approximately $21.85 million following the completion of this transaction.
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Also, Deitrich Thomas purchased 37,500 shares, netting a total of over 3,991,125 in proceeds.
Before that, Ware Christopher E. had sold 92 shares from its account. In a trade valued at $9,398, the SVP, GC & Corp. Secretary traded Itron Inc. shares for $102.15 each. Upon closing the transaction, the insider’s holdings decreased to 92 shares, worth approximately $1.62 million.
As published in their initiating research note from Janney on September 27, 2024, Itron Inc. [ITRI] has been a Buy and the price target has been revised to $131. Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of August 02, 2024, TD Cowen has reiterated its “Buy” rating for ITRI. Earlier on July 11, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for ITRI stock which previously was a “a Neutral”.
Analyzing ITRI Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, Itron Inc. shares have jumped approximately 40.96%. Shares of the company reached a 52-week high of $113.07 on 08/01/24 and a 52-week low of $67.21 on 01/17/24. A 50-day SMA is recorded $101.46, while a 200-day SMA reached $94.39. Nevertheless, trading volume fell to 0.55 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Itron Inc. (ITRI)
According to the 24-hour chart, there is a support level at 104.57, which, if violated, would cause prices to drop to 102.69. In the upper region, resistance lies at 107.82. The next price resistance is at 109.20. RSI (Relative Strength Index) is 55.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 43.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
