TransUnion's stock experienced a decline in after-hours trading following the disclosure that Todd C. Skinner, the company's President of International, sold a significant number of shares. On November 29, 2024, Skinner sold 3,090 shares at an average price of $101.48, amounting to a total transaction value of $313,573. This insider sale may have raised concerns among investors about the company's future prospects or insider confidence, contributing to the stock's downward movement.
Additionally, broader market concerns related to retail safety and employment may have indirectly impacted TransUnion, given its involvement in credit reporting and data analytics for various sectors, including retail. Recent reports highlighted that a significant portion of retail workers are considering leaving their jobs due to safety concerns, which could have implications for consumer credit and spending patterns, potentially affecting companies like TransUnion.
TransUnion (TRU) shares are down 2.41% at the close, ending at $99.05, with a slight recovery of 0.55% in after-hours trading, bringing the current price to $99.59.