Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Under Armour Inc shares valued at $272,604 were sold by Bergman David on Dec 02 ’24. At $9.09 per share, Bergman David sold 30,000 shares. The insider’s holdings dropped to 494,210 shares worth approximately $3.8 million following the completion of this transaction.
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Also, Bergman David purchased 30,000 shares, netting a total of over 272,604 in proceeds.
Before that, Shadman Mehri had sold 17,240 shares from its account. In a trade valued at $151,024, the Chief Legal Officer traded Under Armour Inc shares for $8.76 each. Upon closing the transaction, the insider’s holdings decreased to 17,240 shares, worth approximately $1.4 million.
As published in a research note from Instinet on February 27, 2017, Under Armour Inc [UA] has been rated down from a Neutral to a Reduce. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid February. As of November 28, 2016, Stifel has reiterated its “Hold” rating for UA. Earlier on October 26, 2016, Telsey Advisory Group downgraded its rating. Their new recommendation was “a Market perform” for UA stock which previously was a “an Outperform”.
Analyzing UA Stock Performance
During the last five days, there has been a drop of approximately -16.23%. Over the course of the year, Under Armour Inc shares have dropped approximately -7.90%. Shares of the company reached a 52-week high of $10.62 on 11/07/24 and a 52-week low of $6.02 on 08/05/24. A 50-day SMA is recorded $8.49, while a 200-day SMA reached $7.37. Nevertheless, trading volume fell to 3.41 million shares from 4.11 million shares the previous day.
Support And Resistance Levels for Under Armour Inc (UA)
According to the 24-hour chart, there is a support level at 7.57, which, if violated, would cause prices to drop to 7.46. In the upper region, resistance lies at 7.90. The next price resistance is at 8.12. RSI (Relative Strength Index) is 35.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 95.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
