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. TransUnion shares valued at $1,985,450 were purchased by Cartwright Christopher A on Aug 04. At $79.42 per share, Cartwright Christopher A acquired 25,000 shares. The insider’s holdings grew to 226,410 shares worth approximately $14.72 million following the completion of this transaction.
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Also, BOSWORTH WILLIAM sold 405 shares, netting a total of over 31,882 in proceeds. Following the sale of shares at $78.72 each, the insider now holds 5,399 shares.
Before that, Cello Todd M had sold 244 shares from its account. In a trade valued at $25,620, the EVP & CFO traded TransUnion shares for $105.00 each. Upon closing the transaction, the insider’s holdings decreased to 244 shares, worth approximately $4.77 million.
As published in a research note from BofA Securities on July 27, 2022, TransUnion [TRU] has been rated down from a Buy to a Neutral and the price target has been revised to $86 from $119. This represents a 24.42% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid July. As of March 30, 2022, Deutsche Bank has initiated its “Buy” rating for TRU. Earlier on March 18, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for TRU stock which previously was a “a Buy”.
Analyzing TRU’s Price Performance
On Wednesday, TransUnion [NYSE: TRU] plunged -0.76% to $65.00. The stock’s lowest price that day was $64.98, but it reached a high of $67.10 in the same session. During the last five days, there has been a drop of approximately -7.25%. Over the course of the year, TransUnion shares have dropped approximately -45.18%. Shares of the company reached a 52-week high of $119.16 on 01/03/22 and a 52-week low of $64.27 on 09/20/22. A 50-day SMA is recorded $78.31, while a 200-day SMA reached $91.59. Nevertheless, trading volume fell to 1.33 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for TransUnion (TRU)
According to the 24-hour chart, there is a support level at 64.29, which, if violated, would cause prices to drop to 63.57. In the upper region, resistance lies at 66.41. The next price resistance is at 67.81. RSI (Relative Strength Index) is 24.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.24, which suggests the price will decrease in the coming days. Percent R is at 94.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is TransUnion subject to short interest?
Stocks of TransUnion saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.39 million shares to 3.76 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.15 million shares. A decline of -10.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.18 of the overall float, the days-to-cover ratio (short ratio) decline to 3.18.
Which companies own the most shares of TransUnion (TRU)?
According to T. Rowe Price Investment Manageme filings, the company currently owns 20,542,770 shares, which is about 10.67% of the total TRU shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,229,878,177. T. Rowe Price Associates, Inc. reduced a -64.00% interest valued at $817.95 million while Massachusetts Financial Services purchased a 538,979 stake. A total of -658,140 shares of TransUnion were bought by Wellington Management Co. LLP during the quarter, and 1,274,500 were bought by Farallon Capital Management LLC. In its current portfolio, BlackRock Fund Advisors holds 6,659,004 shares valued at $491.9 million.
In terms of TransUnion share price expectations, FactSet research, analysts set an average price target of $91.38 in the next 12 months, up nearly 38.17% from the previous closing price of $65.50. Analysts anticipate TransUnion stock to reach $109.00 by 2022, with the lowest price target being $72.00. In spite of this, 19 analysts ranked TransUnion stock as an Overweight at the end of 2022. On March 11, 2022, BofA Securities assigned a price target of “a Buy” to the stock and resumed coverage with a $119.