Itron Inc’s recently made public that its President & CEO Deitrich Thomas unloaded Company’s shares for reported $3.83 million on Jan 03 ’25. In the deal valued at $110.20 per share,34,787 shares were sold. As a result of this transaction, Deitrich Thomas now holds 204,393 shares worth roughly $21.13 million.
Then, Deitrich Thomas sold 2,954 shares, generating $325,265 in total proceeds. Upon selling the shares at $110.11, the President & CEO now owns 204,393 shares.
Before that, Deitrich Thomas bought 34,787 shares. Itron Inc shares valued at $3,833,442 were divested by the Officer at a price of $110.20 per share.
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 fall -0.24% to $103.36. Over the last five days, the stock has lost -6.28%. Itron Inc shares have fallen nearly -4.81% since the year began. Nevertheless, the stocks have risen 46.01% over the past one year. While a 52-week high of $124.90 was reached on 01/06/25, a 52-week low of $67.21 was recorded on 01/13/25. SMA at 50 days reached $113.80, while 200 days put it at $104.51.
Levels Of Support And Resistance For ITRI Stock
The 24-hour chart illustrates a support level at 101.17, which if violated will result in even more drops to 98.99. On the upside, there is a resistance level at 104.50. A further resistance level may holdings at 105.65. The Relative Strength Index (RSI) on the 14-day chart is 29.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.30%. Stochastics %K at 21.85% 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 2024-12-31, dropping by -0.2 million shares to a total of 3.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.37 million shares. There was a decline of -6.38%, which implies that there is a negative sentiment for the stock.
