Under Armour Inc’s recent filing unveils that its Chief Legal Officer Shadman Mehri unloaded Company’s shares for reported $0.15 million on Nov 15 ’24. In the deal valued at $8.76 per share,17,240 shares were sold. As a result of this transaction, Shadman Mehri now holds 182,538 shares worth roughly $1.56 million.
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Then, Shadman Mehri sold 9,639 shares, generating $84,901 in total proceeds. Upon selling the shares at $8.81, the Chief Legal Officer now owns 172,899 shares.
Before that, Shadman Mehri bought 9,639 shares. Under Armour Inc shares valued at $84,902 were divested by the Officer at a price of $8.81 per share.
Instinet downgraded its Under Armour Inc [UA] rating to a Reduce from a a Neutral in a research note published on 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 fall -2.94% to $8.57. Over the last five days, the stock has lost -0.46%. Under Armour Inc shares have risen nearly 2.63% since the year began. Nevertheless, the stocks have risen 17.40% over the past one year. While a 52-week high of $10.62 was reached on 11/07/24, a 52-week low of $6.02 was recorded on 08/05/24. SMA at 50 days reached $8.12, while 200 days put it at $7.31.
Levels Of Support And Resistance For UA Stock
The 24-hour chart illustrates a support level at 8.45, which if violated will result in even more drops to 8.34. On the upside, there is a resistance level at 8.70. A further resistance level may holdings at 8.84. The Relative Strength Index (RSI) on the 14-day chart is 52.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.08%. Stochastics %K at 34.76% 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, dropping by -0.86 million shares to a total of 8.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.74 million shares. There was a decline of -9.72%, which implies that there is a negative sentiment for the stock.
