Traders See Bearish Options Activity Under Armour Inc

 Traders See Bearish Options Activity Under Armour Inc

In today’s session Under Armour Inc (UA) recorded an unusually high (2,152) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious UA decrease. With 2,152 contracts traded and 102554 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: UA170120P00035000 closed last at: $4.1 or 0% . About 749,443 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.

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. Citigroup maintained the stock with “Buy” rating in Wednesday, June 1 report. Jefferies maintained Under Armour Inc (NYSE:UA) on Wednesday, June 1 with “Hold” rating. The stock has “Underweight” rating given by Morgan Stanley on Monday, January 11. The rating was downgraded by Piper Jaffray on Wednesday, October 14 to “Neutral”. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, June 1. The firm has “Neutral” rating by Piper Jaffray given on Monday, November 30. The firm has “Buy” rating given on Friday, January 29 by B. Riley & Co. The firm earned “Buy” rating on Tuesday, January 26 by Deutsche Bank. The rating was initiated by Atlantic Securities with “Overweight” on Monday, August 10. The stock of Under Armour Inc (NYSE:UA) earned “Hold” rating by Stifel Nicolaus on Tuesday, October 25.

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.”

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The company has a market cap of $12.40 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 45.79 P/E ratio. The Company’s apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions.

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.

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 Seekingalpha.com published the news titled: “This Is The Price To Enter Under Armour” on November 16, 2016. Fool.com‘s news article titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” with publication date: November 02, 2016 was also an interesting one.

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