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


In a filing, Under Armour Inc. revealed its Chief Administrative Officer Rocker Tchernavia unloaded Company’s shares for reported $0.65 million on Feb 10. In the deal valued at $9.32 per share,69,823 shares were sold. As a result of this transaction, Rocker Tchernavia now holds 260,291 shares worth roughly $ 2.29 million.

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Then, Gibbs David W bought 25,000 shares, generating $240,085 in total proceeds. Upon buying the shares at $9.60, the Director now owns 50,000 shares.

Before that, Gibbs David W bought 25,000 shares. Under Armour Inc. shares valued at $234,732 were divested by the Director at a price of $9.39 per share. As a result of the transaction, Gibbs David W now holds 25,000 shares, worth roughly $0.22 million.

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 jump 3.04% to $8.80. On the same session, the stock had its day’s lowest price of $8.56, but rose to a high of $8.99. Over the last five days, the stock has lost -1.01%. Under Armour Inc. shares have fallen nearly -1.35% since the year began. Nevertheless, the stocks have fallen -43.48% over the past one year. While a 52-week high of $16.52 was reached on 02/02/23, a 52-week low of $5.74 was recorded on 02/24/23. SMA at 50 days reached $9.59, while 200 days put it at $8.36. A total of 2.48 million shares were traded, compared to the trading of 2.45 million shares in the previous session.

Levels Of Support And Resistance For UA Stock

The 24-hour chart illustrates a support level at 8.58, which if violated will result in even more drops to 8.35. On the upside, there is a resistance level at 9.01. A further resistance level may holdings at 9.21. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.75%. Stochastics %K at 4.42% indicates the stock is a buying.

How much short interest is there in Under Armour Inc.?

A steep rise in short interest was recorded in Under Armour Inc. stocks on Jan 12, 2023, dropping by -2.28 million shares to a total of 9.19 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 11.47 million shares. There was a decline of -24.81%, which implies that there is a negative sentiment for the stock.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,646,629 shares, or roughly 9.45% of the outstanding UA shares. In other words, the investor’s shares have fallen by -55,873 from its previous 13-F filing of 21702502.0. Additionally, BlackRock Fund Advisors increased 2.28% of its stake after which the total value it holdings stand at $171,852,605, while Dorsal Capital Management LLC reduced -20.00% of its stake to hold $109.0 million in the firm. Over the last quarter, ArrowMark Colorado Holdings LLC purchased 3,155,773 shares of Under Armour Inc., while SSgA Funds Management, Inc. bought 70,422 shares. At present, D. E. Shaw & Co. LP is holding 4,775,134 shares valued at $52.05 million. Janus Henderson Investors US LLC owned 4,768,093 shares of the company at the time of its most recent 13F filing, worth $51.97 million.

According to FactSet, Under Armour Inc.’s share price will average $12.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 52.22 percent from its previous closing price of $8.54. Analysts expect Under Armour Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $10.00. However, 28 analysts have rated UA stock as an Overweight in their predictions for 2023.


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