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 $3,833,458 were sold by Deitrich Thomas on Jan 03 ’25. At $110.20 per share, Deitrich Thomas sold 34,787 shares. The insider’s holdings dropped to 204,393 shares worth approximately $21.85 million following the completion of this transaction.
Also, Deitrich Thomas sold 2,954 shares, netting a total of over 325,265 in proceeds. Following the sale of shares at $110.11 each, the insider now holds 204,393 shares.
Before that, Deitrich Thomas had added 34,787 shares to its account. In a trade valued at $3,833,442, the Officer bought Itron Inc shares for $110.20 each.
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 drop of approximately -1.57%. Over the course of the year, Itron Inc shares have dropped approximately -1.57%. Shares of the company reached a 52-week high of $111.39 on 01/06/25 and a 52-week low of $104.44 on 01/08/25. A 50-day SMA is recorded $113.85, while a 200-day SMA reached $104.36. Nevertheless, trading volume fell to 0.88 million shares from 0.39 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 104.68, which, if violated, would cause prices to drop to 102.49. In the upper region, resistance lies at 108.83. The next price resistance is at 110.79. RSI (Relative Strength Index) is 36.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 73.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
