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The Attractiveness of Investing In Under Armour Inc (UA) is Growing

Under Armour Inc’s recent filing unveils that its Former Affiliate Dausch James A acquired Company’s shares for reported $0.16 million on Sep 04 ’24. In the deal valued at $7.80 per share,20,453 shares were bought.

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Then, Rocker Tchernavia bought 110,357 shares, generating $846,616 in total proceeds.

Instinet downgraded its Under Armour Inc [UA] rating to a Reduce from a a Neutral in a research note published recently. 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 unchanged to $8.36. Over the last five days, the stock has gained 10.29%. Under Armour Inc shares have risen nearly 0.12% since the year began. Nevertheless, the stocks have risen 31.03% over the past one year. While a 52-week high of $8.99 was reached on 02/29/24, a 52-week low of $6.00 was recorded on 08/05/24. SMA at 50 days reached $7.39, while 200 days put it at $7.22.

Levels Of Support And Resistance For UA Stock

The 24-hour chart illustrates a support level at 8.24, which if violated will result in even more drops to 8.11. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.55. The Relative Strength Index (RSI) on the 14-day chart is 64.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.17%. Stochastics %K at 94.83% indicates the stock is a selling.

How much short interest is there in Under Armour Inc?

A steep rise in short interest was recorded in Under Armour Inc stocks on 2024-09-13, dropping by -0.52 million shares to a total of 10.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.36 million shares. There was a decline of -4.78%, which implies that there is a negative sentiment for the stock.

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