Price Action Alert: Under Armour Inc Can’t Be More Risky. Trades Sigfnicicantly Lower

Price Action Alert: Under Armour Inc Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Under Armour Inc (NYSE:UA) is a huge mover today! About 5.29 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 26.08% since April 18, 2016 and is downtrending. It has underperformed by 30.51% the S&P500.
The move comes after 7 months negative chart setup for the $12.03 billion company. It was reported on Nov, 18 by Barchart.com. We have $27.88 PT which if reached, will make NYSE:UA worth $1.08B less.

Under Armour Inc (NYSE:UA) Ratings Coverage

Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, October 26, the company rating was downgraded by Deutsche Bank. The stock of Under Armour Inc (NYSE:UA) earned “Hold” rating by Vetr on Friday, August 7. The firm has “Underweight” rating by Morgan Stanley given on Monday, January 11. The firm has “Buy” rating given on Friday, July 24 by Citigroup. As per Friday, June 3, the company rating was maintained by DA Davidson. As per Friday, July 24, the company rating was upgraded by KeyBanc Capital Markets. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, July 24 report. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Tuesday, August 11 by Canaccord Genuity. The firm has “Meu” rating by Goldman Sachs given on Wednesday, May 4. The stock of Under Armour Inc (NYSE:UA) earned “Overweight” rating by Atlantic Securities on Wednesday, August 12.

According to Zacks Investment Research, “Under Armour, Inc. is involved in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. It operates primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific and Latin America. The company’s Under Armour Connected Fitness(TM) platform provides digital health and fitness community through UA Record, MapMyFitness, Endomondo and MyFitnessPal applications. Under Armour, Inc. is headquartered in Baltimore, Maryland.”

More recent Under Armour Inc (NYSE:UA) news were published by: Bloomberg.com which released: “Under Armour Tumbles After Forecast Renews Fears of Slowdown” on October 25, 2016. Also Fool.com published the news titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s news article titled: “This Is The Price To Enter Under Armour” with publication date: November 16, 2016 was also an interesting one.

UA Company Profile

Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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