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 $129,914 were sold by CHAOUKI STEVEN M on May 01 ’24. At $73.15 per share, CHAOUKI STEVEN M sold 1,776 shares. The insider’s holdings dropped to 73,323 shares worth approximately $5.73 million following the completion of this transaction.
Also, CHAOUKI STEVEN M sold 1,775 shares, netting a total of over 144,308 in proceeds. Following the sale of shares at $81.30 each, the insider now holds 75,099 shares.
Before that, MAULDIN RICHARD DANE had sold 1,500 shares from its account. In a trade valued at $117,150, the EVP – Operations traded TransUnion shares for $78.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $1.72 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 surge of approximately 4.58%. Over the course of the year, TransUnion shares have jumped approximately 13.68%. 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 $76.37, while a 200-day SMA reached $70.72. Nevertheless, trading volume fell to 0.96 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for TransUnion (TRU)
According to the 24-hour chart, there is a support level at 77.79, which, if violated, would cause prices to drop to 77.48. In the upper region, resistance lies at 78.39. The next price resistance is at 78.68. RSI (Relative Strength Index) is 57.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.59, which suggests the price will increase in the coming days. Percent R is at 14.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
