Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TransUnion shares valued at $1,837,012 were sold by Achanta Venkat on Sep 13 ’24. At $98.78 per share, Achanta Venkat sold 18,597 shares. The insider’s holdings dropped to 105,443 shares worth approximately $10.66 million following the completion of this transaction.
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Also, Achanta Venkat purchased 18,597 shares, netting a total of over 1,837,012 in proceeds.
Before that, Martin Timothy J had sold 2,500 shares from its account. In a trade valued at $239,125, the EVP – Global Solutions traded TransUnion shares for $95.65 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $4.98 million.
As published in a research note from Needham on August 28, 2024, TransUnion [TRU] has been rated down from a Buy to a Hold. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of July 09, 2024, Wolfe Research has initiated its “Peer perform” rating for TRU. Earlier on June 20, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for TRU stock which previously was a “a Neutral”.
Analyzing TRU Stock Performance
During the last five days, there has been a surge of approximately 4.87%. Over the course of the year, TransUnion shares have jumped approximately 47.20%. Shares of the company reached a 52-week high of $102.38 on 09/18/24 and a 52-week low of $63.03 on 01/04/24. A 50-day SMA is recorded $89.59, while a 200-day SMA reached $77.08. Nevertheless, trading volume fell to 1.27 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for TransUnion (TRU)
According to the 24-hour chart, there is a support level at 99.21, which, if violated, would cause prices to drop to 97.27. In the upper region, resistance lies at 102.73. The next price resistance is at 104.31. RSI (Relative Strength Index) is 69.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.45, which suggests the price will increase in the coming days. Percent R is at 14.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
