Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TransUnion shares valued at $144,308 were sold by CHAOUKI STEVEN M on Apr 01 ’24. At $81.30 per share, CHAOUKI STEVEN M sold 1,775 shares. The insider’s holdings dropped to 75,099 shares worth approximately $5.7 million following the completion of this transaction.
Also, MAULDIN RICHARD DANE sold 1,500 shares, netting a total of over 117,150 in proceeds. Following the sale of shares at $78.10 each, the insider now holds 22,033 shares.
Before that, Martin Timothy J had sold 12,000 shares from its account. In a trade valued at $943,080, the EVP – Global Solutions traded TransUnion shares for $78.59 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $4.14 million.
As published in a research note from BofA Securities on April 01, 2024, TransUnion [TRU] has been rated up from an Underperform to a Neutral and the price target has been revised to $90 from $65. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of October 25, 2023, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for TRU. Earlier on October 25, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for TRU stock which previously was a “a Buy”.
Analyzing TRU Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, TransUnion shares have jumped approximately 10.48%. Shares of the company reached a 52-week high of $81.65 on 03/21/24 and a 52-week low of $63.03 on 01/04/24. A 50-day SMA is recorded $76.26, while a 200-day SMA reached $71.27. Nevertheless, trading volume fell to 1.16 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for TransUnion (TRU)
According to the 24-hour chart, there is a support level at 74.78, which, if violated, would cause prices to drop to 73.64. In the upper region, resistance lies at 77.04. The next price resistance is at 78.16. RSI (Relative Strength Index) is 43.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 81.54%, indicating bearish price movement. Stochastics %K at holding 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 Mar 15, 2024 jumping by 0.35 million shares to 5.5 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.15 million shares. A jump of 6.36% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.61 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.61.
