Under Armour (NYSE:UA) has tumbled 3.02% during the past week and has dropped 1.77% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.86%. Under Armour (NYSE:UA) has underperformed the index by 2.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Under Armour (NYSE:UA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.81 and $36.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.22, notching a gain of 2.20% for the day. The total traded volume was 6,887,772 . The stock had closed at $36.42 on the previous day.
The company shares have dropped -12.32% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $52.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $38.21 and the 200 Day Moving Average price is recorded at $40.12.
On the companys insider trading activities,The (President of North America) of Under Armour, Inc., Mirchin Matthew C sold 26,377 shares at $46.43 on April 25, 2016. The Insider selling transaction had a total value worth of $1,224,684. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Under Armour (NYSE:UA). Credit Suisse has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $35 per share from a prior target of $38. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 16.5% of Under Armour shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.9% . Institutional Investors own 36.48% of Under Armour shares. During last six month period, the net percent change held by insiders has seen a change of -0.9%.
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.