Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TransUnion shares valued at $67,055 were sold by CHAOUKI STEVEN M on May 22. At $70.51 per share, CHAOUKI STEVEN M sold 951 shares. The insider’s holdings dropped to 63,323 shares worth approximately $4.49 million following the completion of this transaction.
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Also, CHAOUKI STEVEN M sold 1,792 shares, netting a total of over 125,440 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 64,274 shares.
Before that, Skinner Todd C. had sold 25,989 shares from its account. In a trade valued at $1,559,340, the President, International traded TransUnion shares for $60.00 each. Upon closing the transaction, the insider’s holdings decreased to 25,989 shares, worth approximately $2.04 million.
Analyzing TRU Stock Performance
On Thursday, TransUnion [NYSE: TRU] plunged -1.00% to $70.94. The stock’s lowest price that day was $70.35, but it reached a high of $72.10 in the same session. During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, TransUnion shares have jumped approximately 25.00%. Shares of the company reached a 52-week high of $77.61 on 02/02/23 and a 52-week low of $56.92 on 03/24/23. A 50-day SMA is recorded $64.27, while a 200-day SMA reached $64.83. Nevertheless, trading volume fell to 1.4 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for TransUnion (TRU)
According to the 24-hour chart, there is a support level at 70.16, which, if violated, would cause prices to drop to 69.38. In the upper region, resistance lies at 71.91. The next price resistance is at 72.88. RSI (Relative Strength Index) is 64.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.65, which suggests the price will increase in the coming days. Percent R is at 23.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is TransUnion subject to short interest?
Stocks of TransUnion saw a sharp rise in short interest on May 14, 2023 jumping by 1.05 million shares to 5.96 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 4.91 million shares. A jump of 17.62% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.06.
Which companies own the most shares of TransUnion (TRU)?
According to T. Rowe Price Investment Manageme filings, the company currently owns 24,023,699 shares, which is about 12.44% of the total TRU shares outstanding. The investor’s shares have appreciated by 922,296 from its previous 13-F filing of 23101403.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,197,578,323. T. Rowe Price Associates, Inc. reduced a -7.31% interest valued at $807.95 million while Farallon Capital Management LLC sold a -252,302 stake. A total of -59,169 shares of TransUnion were sold by Wellington Management Co. LLP during the quarter, and 30,081 were bought by BlackRock Fund Advisors. In its current portfolio, Independent Franchise Partners LL holds 6,856,635 shares valued at $471.81 million.
In terms of TransUnion share price expectations, FactSet research, analysts set an average price target of $79.74 in the next 12 months, up nearly 11.64% from the previous closing price of $71.66. Analysts anticipate TransUnion stock to reach $90.00 by 2023, with the lowest price target being $67.00. In spite of this, 21 analysts ranked TransUnion stock as an Overweight at the end of 2023.