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Stock Charts AI Power Rank: 5.6
Power Rank trending -> UP

Last Price: 6.95 - Change: 0.09 - Change %: 1.312
06/24/2024 16:10:00 EST

Under Armour Inc C (UA)

Industry: Apparel Manufacturing

Price Support Resistance

In the past 20 trading days, UA has been trading in a range between $6.96 and $6.50 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

UA is trading between resistance at $7.22 about 4% to the upside and support at $6.65 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $7.85, about a 13% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Under Armour Inc C $UA entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $13, a potential upside of 87.05% from the recent price of 6.95. The stock is trading 29.35% (potential upside) below its 52 week high of $8.99 and 18.6 % (potential downside) above its 52 week low of $5.86 - based on the recent price.

Company Summary

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types.

UA Website

News

Under Armour agrees $434m class action settlement
Under Armour Inc (NYSE:UA) has agreed to a $434 million settlement to resolve a 2017 class action lawsuit accusing the company of misleading shareholders about its revenue growth to meet Wall Street expectations. The deal, pending court approval, avoids a trial that was set for July 15 in Baltimore federal court.
Source: Proactive Investors
Mon, 24 Jun 2024 08:45:33 -0400
Sentiment: Negative
Under Armour to pay $434 million to settle lawsuit over sales disclosures
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts.
Source: Reuters
Fri, 21 Jun 2024 17:43:51 -0400
Sentiment: Negative
UNDER ARMOUR ANNOUNCES AGREEMENT TO SETTLE CLASS ACTION LITIGATION
BALTIMORE , June 21, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that it has entered into an agreement in principle to resolve the previously disclosed securities class action litigation pending in the United States District Court for the District of Maryland (In re Under Armour Securities Litigation). This lawsuit was originally filed in 2017.
Source: PRNewsWire
Fri, 21 Jun 2024 17:00:00 -0400
Sentiment: Neutral
University of Maryland and Under Armour Announce 12-Year Extension of Iconic Partnership
COLLEGE PARK, Md., June 17, 2024 /PRNewswire/ -- After two decades of partnership, the University of Maryland has renewed its partnership with Under Armour, extending its agreement for an additional 12 years through 2036. The continuation of this partnership reinforces the pair's commitment to championing all athletes, reaffirms Maryland's significance to Under Armour's heritage, and demonstrates the desire to bring this partnership into the next chapter of the brand's story.
Source: PRNewsWire
Mon, 17 Jun 2024 10:00:00 -0400
Sentiment: Neutral
The Bottom Fishing Club: Under Armour Left For Dead, Founder Again CEO
Under Armour's stock peaked in 2015 above $50. It's now trading at all-time low valuations with price below $7. Founder Kevin Plank returns as CEO to lead a restructuring effort focusing on premium brand image and reduced discounting to outside retailers. The stock valuation may be one of the cheapest in its peer clothing/shoe segment of major retailers/manufacturers.
Source: Seeking Alpha
Sun, 16 Jun 2024 10:02:39 -0400
Sentiment: Positive
Instituions Institution %: 76.238
Last QTR Institution change: 11702003

Insiders
Insiders %: 10.541
Insiders Purchases last QTR: 50000
Insiders Sales last QTR: 16724011
Insiders Net last QTR: -16674011

Analyst Ratings
Target Price: 13
Overall Rating: 5
Strong Buys (5): 1
Buys (4): 0
Holds (3): 0
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 8.99
52 Week Low: 5.86
Beta: 1.699
50 Day MA: 6.6252
200 Day MA: 7.1455

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.039
Qtr Revenue Growth YOY: -0.047
Forward PE: 12.3305
Trailing PE: 13.3654

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