Under Armour Inc. [UAA] Director makes an insider acquire of 25,000 shares worth 240,085.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $0.4 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.

As published in a research note from Robert W. Baird on August 04, 2022, Under Armour Inc. [UAA] has been rated down from an Outperform to a Neutral and the price target has been revised to $10 from $12. This represents a 19.4% premium over Wednesday’s closing price. As of July 11, 2022, Jefferies has decreased its “Buy” rating to a “Hold” for UAA. Earlier on June 21, 2022, Cowen downgraded its rating. Their new recommendation was “a Market perform” for UAA stock which previously was a “an Outperform”.

Analyzing UAA’s Price Performance

On Wednesday, Under Armour Inc. [NYSE: UAA] plunged -2.54% to $8.06. The stock’s lowest price that day was $8.04, but it reached a high of $8.38 in the same session. During the last five days, there has been a drop of approximately -7.04%. Over the course of the year, Under Armour Inc. shares have dropped approximately -61.96%. Shares of the company reached a 52-week high of $22.01 on 01/04/22 and a 52-week low of $8.02 on 09/06/22. A 50-day SMA is recorded $8.94, while a 200-day SMA reached $13.98. Nevertheless, trading volume fell to 3.91 million shares from 1.98 million shares the previous day.

Support And Resistance Levels for Under Armour Inc. (UAA)

According to the 24-hour chart, there is a support level at 7.94, which, if violated, would cause prices to drop to 7.82. In the upper region, resistance lies at 8.28. The next price resistance is at 8.50. RSI (Relative Strength Index) is 38.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 96.90%, indicating bearish 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 rise in short interest on Jul 14, 2022 jumping by 0.96 million shares to 20.9 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 19.94 million shares. A jump of 4.59% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.06.

Which companies own the most shares of Under Armour Inc. (UAA)?

According to The Vanguard Group, Inc. filings, the company currently owns 15,765,021 shares, which is about 8.36% of the total UAA shares outstanding. The investor’s shares have plunged by -4,511,429 from its previous 13-F filing of 20276450.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $124,065,862. Columbia Management Investment Ad reduced a -25.08% interest valued at $108.75 million while SSgA Funds Management, Inc. sold a -1,213,864 stake. A total of 3,209,500 shares of Under Armour Inc. were sold by Renaissance Technologies LLC during the quarter, and 861,906 were bought by Loomis, Sayles & Co. LP. In its current portfolio, Disciplined Growth Investors, Inc holds 5,956,408 shares valued at $50.15 million.

In terms of Under Armour Inc. share price expectations, FactSet research, analysts set an average price target of $13.15 in the next 12 months, up nearly 41.48% from the previous closing price of $8.27. Analysts anticipate Under Armour Inc. stock to reach $34.00 by 2022, with the lowest price target being $7.00. In spite of this, 28 analysts ranked Under Armour Inc. stock as an Overweight at the end of 2022. On May 23, 2022, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $10.


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