Under Armour Inc’s recent filing unveils 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 $4.35 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 $1.61 million.
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 fall -8.13% to $8.81. Over the last five days, the stock has lost -12.94%. Under Armour Inc shares have risen nearly 0.23% since the year began. Nevertheless, the stocks have risen 2.20% 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 $9.32, while 200 days put it at $7.77.
Levels Of Support And Resistance For UAA Stock
The 24-hour chart illustrates a support level at 8.46, which if violated will result in even more drops to 8.12. On the upside, there is a resistance level at 9.39. A further resistance level may holdings at 9.98. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.99%. Stochastics %K at 36.88% 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, growing by 5.97 million shares to a total of 32.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.81 million shares. There was a rise of 18.22%, which implies that there is a positive sentiment for the stock.
