Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Under Armour Inc. shares valued at $240,085 were purchased by Gibbs David W on May 31. At $9.60 per share, Gibbs David W acquired 25,000 shares. The insider’s holdings grew to 50,000 shares worth approximately $0.42 million following the completion of this transaction.
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Also, Gibbs David W purchased 25,000 shares, netting a total of over 234,732 in proceeds. Following the buying of shares at $9.39 each, the insider now holds 25,000 shares.
Before that, Maheshwari Aditya had sold 2,899 shares from its account. In a trade valued at $45,340, the Chief Accounting Officer traded Under Armour Inc. shares for $15.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,899 shares, worth approximately $0.49 million.
As published in a research note from Instinet on February 27, 2017, Under Armour Inc. [UA] has been rated down from a Neutral to a Reduce. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid February. As of November 28, 2016, Stifel has reiterated its “Hold” rating for UA. Earlier on October 26, 2016, Telsey Advisory Group downgraded its rating. Their new recommendation was “a Market perform” for UA stock which previously was a “an Outperform”.
Analyzing UA’s Price Performance
On Thursday, Under Armour Inc. [NYSE: UA] plunged -1.30% to $8.35. The stock’s lowest price that day was $8.15, but it reached a high of $8.395 in the same session. During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Under Armour Inc. shares have dropped approximately -53.71%. Shares of the company reached a 52-week high of $18.65 on 01/04/22 and a 52-week low of $7.22 on 07/15/22. A 50-day SMA is recorded $8.41, while a 200-day SMA reached $14.43. Nevertheless, trading volume fell to 2.61 million shares from 2.67 million shares the previous day.
Support And Resistance Levels for Under Armour Inc. (UA)
According to the 24-hour chart, there is a support level at 8.20, which, if violated, would cause prices to drop to 8.05. In the upper region, resistance lies at 8.45. The next price resistance is at 8.54. RSI (Relative Strength Index) is 53.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 29.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Under Armour Inc. subject to short interest?
Stocks of Under Armour Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.92 million shares to 11.66 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 14.58 million shares. A decline of -25.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.54 of the overall float, the days-to-cover ratio (short ratio) decline to 1.54.
Which companies own the most shares of Under Armour Inc. (UA)?
According to The Vanguard Group, Inc. filings, the company currently owns 23,294,008 shares, which is about 9.77% of the total UA shares outstanding. The investor’s shares have appreciated by 300,815 from its previous 13-F filing of 22993193.0 shares. With the completion of the sale transaction, Wellington Management Co. LLP’s stake is now worth $149,029,243. Adage Capital Management LP reduced a -4.29% interest valued at $143.15 million while Janus Henderson Investors US LLC purchased a 543,933 stake. A total of 10,000,000 shares of Under Armour Inc. were bought by Dorsal Capital Management LLC during the quarter, and -47,717 were sold by BlackRock Fund Advisors. In its current portfolio, State of Wisconsin Investment Boa holds 8,497,908 shares valued at $64.41 million.
In terms of Under Armour Inc. share price expectations, FactSet research, analysts set an average price target of $11.39 in the next 12 months, up nearly 30.02% from the previous closing price of $8.46. Analysts anticipate Under Armour Inc. stock to reach $20.00 by 2022, with the lowest price target being $8.00. In spite of this, 26 analysts ranked Under Armour Inc. stock as an Overweight at the end of 2022. On October 26, 2016, Mizuho assigned a price target of “a Neutral” to the stock and downgraded coverage with a $32.