Puts Purchased on Itron (ITRI)

Shares of Itron Inc. (NASDAQ: ITRI) are lower on the session by 1.58%, currently trading at $62.82. The stock has been falling as of late and has recently breeched the 200-day moving average, which is a bearish sign.

Put buyers are emerging today as well and are buying the July $60 put 1,300 times. Action occurred on the offer for $2.65; open interest on the strike is only 23 contracts, indicating new, bearish positioning.

Itron, Inc. provides a portfolio of products and services to utilities for the energy and water markets worldwide. The Company, along with its subsidiaries, is a provider of metering, data collection, and utility software solutions. It has two segments: Itron North America and Itron International.