Saturday, June 25, 2022

Under Armour Inc. (UA) may enjoy gains as insiders got busy in the recent days

In a filing, Under Armour Inc. revealed its Director Gibbs David W acquired Company’s shares for reported $0.24 million on May 31. In the deal valued at $9.60 per share,25,000 shares were bought. As a result of this transaction, Gibbs David W now holds 50,000 shares worth roughly $ 0.4 million.


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Then, Gibbs David W bought 25,000 shares, generating $234,732 in total proceeds. Upon buying the shares at $9.39, the Director now owns 25,000 shares.

Before that, Maheshwari Aditya sold 2,899 shares. Under Armour Inc. shares valued at $45,340 were divested by the Chief Accounting Officer at a price of $15.64 per share. As a result of the transaction, Maheshwari Aditya now holds 58,506 shares, worth roughly $0.47 million.

In the meantime, Instinet downgraded its Under Armour Inc. [UA] rating to a Reduce from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid February from “an Underweight” to “an Equal-weight”. Stifel also remained covering UA and reiterated its “Hold” recommendation on November 28, 2016. Telsey Advisory Group revised its rating on October 26, 2016. It rated UA as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of UA

On Tuesday, Under Armour Inc. [NYSE:UA] saw its stock fall -3.58% to $8.08. On the same session, the stock had its day’s lowest price of $8.025, but rose to a high of $8.46. Over the last five days, the stock has lost -8.91%. Under Armour Inc. shares have fallen nearly -55.21% since the year began. Nevertheless, the stocks have fallen -54.38% over the past one year. While a 52-week high of $23.00 was reached on 01/04/22, a 52-week low of $8.07 was recorded on 06/21/22. SMA at 50 days reached $11.30, while 200 days put it at $16.06. A total of 9.88 million shares were traded, compared to the trading of 49.9 million shares in the previous session.

Levels Of Support And Resistance For UA Stock

The 24-hour chart illustrates a support level at 7.92, which if violated will result in even more drops to 7.75. On the upside, there is a resistance level at 8.35. A further resistance level may holdings at 8.62. The Relative Strength Index (RSI) on the 14-day chart is 32.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.67%. Stochastics %K at 9.68% indicates the stock is a buying.

Under Armour Inc. [UA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,294,008 shares, or roughly 9.77% of the outstanding UA shares. In other words, the investor’s shares have risen by 300,815 from its previous 13-F filing of 22993193.0. Additionally, Wellington Management Co. LLP decreased -6.81% of its stake after which the total value it holdings stand at $190,710,245, while Adage Capital Management LP reduced -4.29% of its stake to hold $183.19 million in the firm. Over the last quarter, Janus Henderson Investors US LLC purchased 543,933 shares of Under Armour Inc., while Dorsal Capital Management LLC bought 10,000,000 shares. At present, BlackRock Fund Advisors is holding 9,555,274 shares valued at $92.69 million. State of Wisconsin Investment Boa owned 8,497,908 shares of the company at the time of its most recent 13F filing, worth $82.43 million.

According to FactSet, Under Armour Inc.’s share price will average $14.97 in the next year, based on opinions of analysts polled by the firm. This is up nearly 73.03 percent from its previous closing price of $8.38. Analysts expect Under Armour Inc. stock to reach the higher price of $21.00, while the lowest price estimate is $10.00. However, 25 analysts have rated UA stock as an Overweight in their predictions for 2022.

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