Itron Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend
Company profile

Itron, Inc. is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe. It offers solutions that enable electric and natural gas utilities to build smart grids to manage assets. It offers a product portfolio, including standard meters and smart metering products, systems and services, for applications in the residential and commercial industrial markets for water and heat. The Company operates under the Itron brand across the world. Its Gas and Water manufacturing facilities are located throughout the world, while its Electricity manufacturing facilities are located in Europe, Middle East and Africa (EMEA), and North America.

Closing Price
Day's Change
-4.60 (-4.53%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

UPDATE: Is this 'the beginning of the end?' Billionaire Bill Ackman shares his thoughts on the big market retreat

8:15 am ET September 5, 2020 (MarketWatch)

Shawn Langlois

Billionaire hedge-fund giant Bill Ackman was asked on Thursday whether the nasty market rout that dragged the tech-heavy Nasdaq Composite down 5% is about to usher in a dark stretch for stocks.

His answer was no. But also, maybe.

The Pershing Square Capital CEO explained in an interview with Bloomberg TV ( that the upcoming presidential election and the fracture that it's already caused across the U.S. will only serve to create more uncertainty in the coming weeks and months.

Most notably, tech stocks, with their "extraordinary" valuations could be vulnerable, he said. Apple (AAPL) and Tesla (TSLA) have been among the big leaders during the market rebound from the initial plunge in response to the coronavirus pandemic. But both were hit hard on Thursday.

While the broader decline was certainly a steep one, Ackman said it shouldn't come as much of a surprise, considering how "remarkably strong" stocks have been since getting crushed in March.

Read:Here's one way to save capitalism, according to Ackman (

Earlier this year, Ackman was credited in an op-ed for the New York Times ( for nailing "the single best trade of all time (" when he set up a $27-million hedge against the market right before the March drop. Eventually, his relatively modest bearish bet turned into a $2.6-billion winner.

Meawnhile, the Dow Jones Industrial Average closed just off session lows but still finished down more than 800 points. The S&P 500 shed 125 points, while the Nasdaq Composite gave up 598 points.

-Shawn Langlois; 415-439-6400;

(END) Dow Jones Newswires

September 05, 2020 08:15 ET (12:15 GMT)

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