Under Armour Inc’s filing revealed 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 $1.77 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.
Needham initiated its Under Armour Inc [UAA] rating to a Hold 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 early November has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering UAA and reiterated its “Market perform” recommendation on August 09, 2024. Morgan Stanley revised its rating on July 23, 2024. It rated UAA as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of UAA
On Friday, Under Armour Inc [NYSE:UAA] saw its stock jump 0.10% to $9.71. Over the last five days, the stock has gained 5.09%. Under Armour Inc shares have risen nearly 10.47% since the year began. Nevertheless, the stocks have risen 18.56% 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 $9.03, while 200 days put it at $7.70.
Levels Of Support And Resistance For UAA Stock
The 24-hour chart illustrates a support level at 9.61, which if violated will result in even more drops to 9.51. On the upside, there is a resistance level at 9.82. A further resistance level may holdings at 9.93. The Relative Strength Index (RSI) on the 14-day chart is 55.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.97%. Stochastics %K at 44.28% 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 2024-11-15, growing by 1.91 million shares to a total of 30.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 28.88 million shares. There was a rise of 6.2%, which implies that there is a positive sentiment for the stock.
