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The Potential Rise in the Price of TransUnion (TRU) following insiders activity

TransUnion’s recently made public that its EVP, Chief Tech, Data & Analy. Achanta Venkat unloaded Company’s shares for reported $1.84 million on Sep 13 ’24. In the deal valued at $98.78 per share,18,597 shares were sold. As a result of this transaction, Achanta Venkat now holds 105,443 shares worth roughly $11.08 million.

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Then, Achanta Venkat bought 18,597 shares, generating $1,837,012 in total proceeds.

Before that, Martin Timothy J sold 2,500 shares. TransUnion shares valued at $239,125 were divested by the EVP – Global Solutions at a price of $95.65 per share. As a result of the transaction, Martin Timothy J now holds 49,239 shares, worth roughly $5.17 million.

Needham downgraded its TransUnion [TRU] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. Wolfe Research began covering TRU with “Peer perform” recommendation on July 09, 2024. BofA Securities revised its rating on June 20, 2024. It rated TRU as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TRU

On Monday, TransUnion [NYSE:TRU] saw its stock fall -0.05% to $105.09. Over the last five days, the stock has gained 3.86%. TransUnion shares have risen nearly 52.95% since the year began. Nevertheless, the stocks have risen 42.71% over the past one year. While a 52-week high of $106.49 was reached on 09/23/24, a 52-week low of $42.09 was recorded on 01/04/24. SMA at 50 days reached $91.20, while 200 days put it at $77.76.

Levels Of Support And Resistance For TRU Stock

The 24-hour chart illustrates a support level at 103.58, which if violated will result in even more drops to 102.06. On the upside, there is a resistance level at 106.64. A further resistance level may holdings at 108.18. The Relative Strength Index (RSI) on the 14-day chart is 74.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.06%. Stochastics %K at 90.02% indicates the stock is a selling.

How much short interest is there in TransUnion?

A steep rise in short interest was recorded in TransUnion stocks on 2024-08-30, dropping by -0.77 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.28 million shares. There was a decline of -17.11%, which implies that there is a negative sentiment for the stock.

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