The stock of Under Armour Inc (NYSE:UA) reached all time low today, Oct, 31 and still has $28.40 target or 9.00% below today’s $31.21 share price. This indicates more downside for the $12.30B company. This technical setup was reported by Barchart.com. If the $28.40 PT is reached, the company will be worth $1.11 billion less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 4.78M shares traded hands. Under Armour Inc (NYSE:UA) has declined 25.90% since March 29, 2016 and is downtrending. It has underperformed by 29.38% the S&P500.
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. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, July 24. The company was upgraded on Monday, June 20 by Buckingham Research. The stock of Under Armour Inc (NYSE:UA) has “Overweight” rating given on Wednesday, August 12 by Atlantic Securities. Brean Capital maintained the shares of UA in a report on Friday, January 29 with “Buy” rating. The stock of Under Armour Inc (NYSE:UA) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, July 24. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. On Wednesday, August 12 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was initiated by Berenberg with “Buy” on Tuesday, January 5. The stock of Under Armour Inc (NYSE:UA) earned “Buy” rating by Mizuho on Friday, December 18. The company was downgraded on Wednesday, October 26 by Cowen & Co.
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 notable 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 Investorplace.com with their article: “It’s Judgment Day for Under Armour Inc (UA) Stock” published on October 28, 2016, Seekingalpha.com published: “Under Armour: Great Brand, But Good Company” on October 31, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: Investorplace.com and their article: “Under Armour Inc (UA) Stock’s MLB Deal Could Be a Home Run” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Under Armour Is A Long-Term Sell” with publication date: October 31, 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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