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. Itron Inc shares valued at $80,452 were sold by Hemmingsen Mary C. on Feb 27 ’25. At $107.27 per share, Hemmingsen Mary C. sold 750 shares. The insider’s holdings dropped to 5,630 shares worth approximately $0.6 million following the completion of this transaction.
Also, Hemmingsen Mary C. purchased 750 shares, netting a total of over 80,452 in proceeds.
Before that, Wright David Marshall had sold 215 shares from its account. In a trade valued at $22,028, the VP, Corp. Controller & CAO traded Itron Inc shares for $102.45 each. Upon closing the transaction, the insider’s holdings decreased to 215 shares, worth approximately $0.84 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 drop of approximately -0.69%. Over the course of the year, Itron Inc shares have dropped approximately -1.47%. Shares of the company reached a 52-week high of $111.39 on 01/06/25 and a 52-week low of $91.84 on 02/24/25. A 50-day SMA is recorded $105.12, while a 200-day SMA reached $105.84.
Support And Resistance Levels for Itron Inc (ITRI)
According to the 24-hour chart, there is a support level at 105.57, which, if violated, would cause prices to drop to 104.17. In the upper region, resistance lies at 108.03. The next price resistance is at 109.09. RSI (Relative Strength Index) is 56.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.97, which suggests the price will increase in the coming days. Percent R is at 14.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
