Friday, December 29, 2017 10:15 PM ET
Insider Makes Significant Stock buy in Itron (ITRI) Shares Extends the Trend of Last 90 Days
One Itron insider — Scopia Capital Management LP, 10% Owner — today, bought 23,736 shares having a market value of approximately $1,616,072, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 618,147 company shares and the disposition of 11,899 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 629,984 shares and have averaged 217,927 shares per transaction over this time period.
Insiders at Itron have a higher number of buy/sell trades than the 39-peer company average over the last 90-day period. The Electrical Components & Equipment peer group saw 12 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Itron insiders was also higher. Within the peer group there were 618,147 shares purchased and 32,106 shares sold with company insiders acquiring 73,255 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in evaluating and writing this story.
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