TransUnion (TRU) traded on unusually high volume on Feb. 13, as the stock gained 1.9% to close at $64.46. On the day, TransUnion saw 2.55 million shares trade hands on 19,184 trades. Considering that the stock averages only a daily volume of 1.35 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $79.48 and $52.15 over the last 52-weeks, its 50-day SMA is now $59.15, and its 200-day SMA $67.70. TransUnion has a P/B ratio of 6.4. It also has a P/E ratio of 28.1.
TransUnion is one of the leading credit bureaus in the United States, providing the consumer information that is the basis for granting credit. The company also provides fraud detection, marketing, and analytical services. TransUnion operates in over 30 countries, and almost 20% of revenue comes from international markets.
Headquartered in Chicago, IL, TransUnion has 5,100 employees and is currently under the leadership of CEO James M. Peck.