As this happened, Oppenheimer downgraded its Under Armour Inc [UAA] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid May has reiterated a ‘”a Market perform”‘ rating for it. William Blair also remained covering UAA and has decreased its forecast on May 16, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on May 16, 2024. It rated UAA as “an Underweight” which previously was an “a Neutral”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of UAA
On Tuesday, Under Armour Inc [NYSE:UAA] saw its stock jump 0.15% to $6.82. Over the last five days, the stock has lost -2.85%. Under Armour Inc shares have fallen nearly -22.41% since the year began. Nevertheless, the stocks have fallen -8.21% over the past one year. While a 52-week high of $9.50 was reached on 02/29/24, a 52-week low of $6.18 was recorded on 05/16/24. SMA at 50 days reached $6.79, while 200 days put it at $7.48. A total of 5.58 million shares were traded, compared to the trading of 1.98 million shares in the previous session.
Levels Of Support And Resistance For UAA Stock
The 24-hour chart illustrates a support level at 6.77, which if violated will result in even more drops to 6.71. On the upside, there is a resistance level at 6.85. A further resistance level may holdings at 6.87. The Relative Strength Index (RSI) on the 14-day chart is 47.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.61%. Stochastics %K at 36.32% indicates the stock is a holding.
The most recent change occurred on May 10, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $8.
