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Is it a good time to sell TransUnion [TRU] shares after an insider sold 2,500 shares?

TransUnion’s recently made public that its EVP – Global Solutions Martin Timothy J unloaded Company’s shares for reported $0.26 million on Oct 01 ’24. In the deal valued at $104.59 per share,2,500 shares were sold. As a result of this transaction, Martin Timothy J now holds 46,739 shares worth roughly $5.02 million.

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Then, Martin Timothy J bought 2,500 shares, generating $261,475 in total proceeds.

Before that, Achanta Venkat sold 18,597 shares. TransUnion shares valued at $1,837,012 were divested by the EVP, Chief Tech, Data & Analy. at a price of $98.78 per share. As a result of the transaction, Achanta Venkat now holds 105,443 shares, worth roughly $11.33 million.

Wolfe Research upgraded its TransUnion [TRU] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Needham also remained covering TRU and has decreased its forecast on August 28, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on August 13, 2024. It rated TRU as “an Overweight”.

Price Performance Review of TRU

On Monday, TransUnion [NYSE:TRU] saw its stock fall -0.35% to $107.48. Over the last five days, the stock has gained 0.54%. TransUnion shares have risen nearly 56.43% since the year began. Nevertheless, the stocks have risen 61.99% over the past one year. While a 52-week high of $108.56 was reached on 10/10/24, a 52-week low of $42.09 was recorded on 01/04/24. SMA at 50 days reached $100.17, while 200 days put it at $81.70.

Levels Of Support And Resistance For TRU Stock

The 24-hour chart illustrates a support level at 106.68, which if violated will result in even more drops to 105.87. On the upside, there is a resistance level at 108.31. A further resistance level may holdings at 109.14. The Relative Strength Index (RSI) on the 14-day chart is 62.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.34%. Stochastics %K at 81.68% 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 2024-09-30, growing by 0.45 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.51 million shares. There was a rise of 9.05%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 09, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .

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