In a filing, Itron Inc. revealed its President & CEO Deitrich Thomas unloaded Company’s shares for reported $3.93 million on Oct 01 ’24. In the deal valued at $104.83 per share,37,500 shares were sold. As a result of this transaction, Deitrich Thomas now holds 205,276 shares worth roughly $-22.59 million.
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Then, Deitrich Thomas bought 37,500 shares, generating $3,991,125 in total proceeds.
Before that, Ware Christopher E. sold 92 shares. Itron Inc. shares valued at $9,398 were divested by the SVP, GC & Corp. Secretary at a price of $102.15 per share. As a result of the transaction, Ware Christopher E. now holds 15,189 shares, worth roughly $1.67 million.
Janney initiated its Itron Inc. [ITRI] rating to a Buy in a research note published on September 27, 2024; the price target was $131. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. TD Cowen also remained covering ITRI and reiterated its “Buy” recommendation on August 02, 2024. Guggenheim revised its rating on July 11, 2024. It rated ITRI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ITRI
On Monday, Itron Inc. [NASDAQ:ITRI] saw its stock jump 1.63% to $110.06. Over the last five days, the stock has gained 4.55%. Itron Inc. shares have risen nearly 45.76% since the year began. Nevertheless, the stocks have risen 88.36% over the past one year. While a 52-week high of $113.07 was reached on 08/01/24, a 52-week low of $56.11 was recorded on 01/17/24. SMA at 50 days reached $101.65, while 200 days put it at $94.72.
Levels Of Support And Resistance For ITRI Stock
The 24-hour chart illustrates a support level at 108.51, which if violated will result in even more drops to 106.96. On the upside, there is a resistance level at 111.24. A further resistance level may holdings at 112.42. The Relative Strength Index (RSI) on the 14-day chart is 63.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.56%. Stochastics %K at 76.42% 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 2024-09-30, dropping by -0.29 million shares to a total of 3.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.46 million shares. There was a decline of -9.18%, which implies that there is a negative sentiment for the stock.
