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Investing in Under Armour Inc (UAA): What You Must Know

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In a filing, Under Armour Inc revealed 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.

Telsey Advisory Group reiterated its Under Armour Inc [UAA] rating to a Market perform in a research note published on August 09, 2024; the price target was $8. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late July from “an Equal-weight” to “an Underweight”. Oppenheimer also remained covering UAA and has decreased its forecast on May 23, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Telsey Advisory Group maintained its rating on May 17, 2024. It rated UAA as “a Market perform”.

Price Performance Review of UAA

On Tuesday, Under Armour Inc [NYSE:UAA] saw its stock jump 3.64% to $9.39. Over the last five days, the stock has gained 10.60%. Under Armour Inc shares have risen nearly 6.83% since the year began. Nevertheless, the stocks have risen 42.06% over the past one year. While a 52-week high of $9.50 was reached on 10/15/24, a 52-week low of $6.17 was recorded on 08/05/24. SMA at 50 days reached $8.08, while 200 days put it at $7.48.

Levels Of Support And Resistance For UAA Stock

The 24-hour chart illustrates a support level at 9.14, which if violated will result in even more drops to 8.89. On the upside, there is a resistance level at 9.57. A further resistance level may holdings at 9.75. The Relative Strength Index (RSI) on the 14-day chart is 67.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.69%. Stochastics %K at 74.98% indicates the stock is a holding.

How much short interest is there in Under Armour Inc?

A steep rise in short interest was recorded in Under Armour Inc stocks on 2024-09-30, dropping by -1.54 million shares to a total of 23.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 25.36 million shares. There was a decline of -6.47%, which implies that there is a negative sentiment for the stock.

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