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Under Armour Inc (UAA) Becoming More Attractive for Investors

Under Armour Inc’s recently made public 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.

Telsey Advisory Group reiterated its Under Armour Inc [UAA] rating to a Market perform in a research note published on November 08, 2024; the price target was $10. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Market perform”‘ rating for it. Morgan Stanley also remained covering UAA and has decreased its forecast on July 23, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Oppenheimer revised its rating on May 23, 2024. It rated UAA as “a Perform” which previously was an “an Outperform”.

Price Performance Review of UAA

On Tuesday, Under Armour Inc [NYSE:UAA] saw its stock fall -0.10% to $9.57. Over the last five days, the stock has gained 8.01%. Under Armour Inc shares have risen nearly 8.87% since the year began. Nevertheless, the stocks have risen 29.67% over the past one year. While a 52-week high of $11.89 was reached on 11/07/24, a 52-week low of $6.17 was recorded on 08/05/24. SMA at 50 days reached $8.54, while 200 days put it at $7.59.

Levels Of Support And Resistance For UAA Stock

The 24-hour chart illustrates a support level at 9.36, which if violated will result in even more drops to 9.15. On the upside, there is a resistance level at 9.80. A further resistance level may holdings at 10.02. The Relative Strength Index (RSI) on the 14-day chart is 56.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.44%. Stochastics %K at 33.72% 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 2024-10-31, growing by 2.99 million shares to a total of 26.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 23.82 million shares. There was a rise of 11.15%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 17, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $7.

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