Finance

How Insiders and Institutions are Trading ITUS Corporation (ITUS)

Recent insider trends for ITUS Corporation (NASDAQ:ITUS) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of ITUS, the data has some interesting implications for where the stock might be headed.

Institutions own 03.46% of ITUS Corporation (ITUS)’s shares. The total value of these holdings, in millions, is $2. Among active positions in the latest quarter, 8 holders increased their positions by a total of 482080 shares, 8 holders decreased the positions by a total of 130146 shares, and 7 holders held their positions. This works out to a net increase in ownership of 351934 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 6 holders initiated new positions by a total of 121634 shares and 6 holders exited their positions by a total of 127066 shares. This nets out to a decrease of 5432 shares and is another bearish sign for ITUS.

Insider ownership increased by a total of 0 shares, which suggests that ITUS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 7 buys, and ownership increased by a net of 230000 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. ITUS Corporation (NASDAQ:ITUS)’s short interest is 1.9 million shares, or 13.84% of the float. This represents an increase of 16% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for ITUS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ITUS is a Weak buy, which implies that ITUS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that ITUS Corporation (NASDAQ:ITUS) is undervalued.

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