Today’s Price Action: What’s Ahead for Under Armour Inc After Today’s Big Decline?

Today's Price Action: What's Ahead for Under Armour Inc After Today's Big Decline?

The stock of Under Armour Inc (NYSE:UA) is a huge mover today! About 5.77 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 9 months negative chart setup for the $12.07 billion company. It was reported on Nov, 18 by Barchart.com. We have $28.57 PT which if reached, will make NYSE:UA worth $844.90 million 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. On Monday, August 10 the stock rating was initiated by Atlantic Securities with “Overweight”. The stock has “Buy” rating given by Deutsche Bank on Tuesday, January 26. As per Friday, December 18, the company rating was initiated by Mizuho. The stock of Under Armour Inc (NYSE:UA) has “Sector Weight” rating given on Friday, July 24 by KeyBanc Capital Markets. The firm earned “Buy” rating on Monday, June 20 by Buckingham Research. Piper Jaffray maintained Under Armour Inc (NYSE:UA) on Monday, November 30 with “Neutral” rating. Telsey Advisory Group maintained the shares of UA in a report on Thursday, September 17 with “Outperform” rating. The rating was maintained by Piper Jaffray on Tuesday, January 26 with “Neutral”. Goldman Sachs maintained Under Armour Inc (NYSE:UA) on Wednesday, May 4 with “Meu” rating. Goldman Sachs maintained Under Armour Inc (NYSE:UA) on Wednesday, June 1 with “Neutral” rating.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”

More important 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 Schaeffersresearch.com published article titled: “Under Armour Inc (UA) Nosedive Draws Fresh Batch of Option Bears”, Fool.com published: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. More interesting news about Under Armour Inc (NYSE:UA) was released by: Seekingalpha.com and their article: “This Is The Price To Enter Under Armour” with publication date: November 16, 2016.

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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