Under Armour Inc’s filing revealed that its Chief Financial Officer Bergman David unloaded Company’s shares for reported $0.27 million on Dec 02 ’24. In the deal valued at $9.09 per share,30,000 shares were sold. As a result of this transaction, Bergman David now holds 494,210 shares worth roughly $3.95 million.
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Then, Bergman David bought 30,000 shares, generating $272,604 in total proceeds.
Before that, Shadman Mehri sold 17,240 shares. Under Armour Inc shares valued at $151,024 were divested by the Chief Legal Officer at a price of $8.76 per share. As a result of the transaction, Shadman Mehri now holds 182,538 shares, worth roughly $1.46 million.
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 Friday, Under Armour Inc [NYSE:UA] saw its stock fall -8.05% to $8.00. Over the last five days, the stock has lost -11.60%. Under Armour Inc shares have fallen nearly -4.19% since the year began. Nevertheless, the stocks have fallen -2.20% 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 $8.51, while 200 days put it at $7.38.
Levels Of Support And Resistance For UA Stock
The 24-hour chart illustrates a support level at 7.75, which if violated will result in even more drops to 7.49. On the upside, there is a resistance level at 8.51. A further resistance level may holdings at 9.01. The Relative Strength Index (RSI) on the 14-day chart is 37.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 56.99% 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 2024-11-29, dropping by -0.25 million shares to a total of 7.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.86 million shares. There was a decline of -3.34%, which implies that there is a negative sentiment for the stock.
