Large Outflow of Money Witnessed in Under Armour

Under Armour (UA) : Net money flow in Under Armour (UA) was negative ($2.86 million) and the inflow of money on uptick was $17.62 million, whereas, the outflow of money on downticks amounted to $20.48 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.86. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.46 million. On the other hand, the total value of block trades done on downticks was $3.16 million. The ratio of uptick to downtick block trades was 0.15. The money flow in block trades was negative ($2.7). Under Armour (UA) gained $0.07 cent during the day and reached $42.71, a gain of 0.16% over the previous day.


Under Armour (UA) has been rated by 21 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $31. The average forecast of all the analysts is $50.01 and the expected standard deviation is $7.43.

Under Armour (NYSE:UA): stock turned positive on Friday. Though the stock opened at $42.48, the bulls momentum made the stock top out at $42.94 level for the day. The stock recorded a low of $42.11 and closed the trading day at $42.85, in the green by 0.49%. The total traded volume for the day was 4,005,694. The stock had closed at $42.64 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (President of North America) of Under Armour, Inc., Mirchin Matthew C had sold 26,377 shares worth of $1,224,684 in a transaction dated April 25, 2016. In this transaction, 26,377 shares were sold at $46.43 per share.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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