Large Outflow of Money Witnessed in Under Armour

Under Armour (UA) : Money flow in the Under Armour (UA) stock was negative (25.15 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $19.06 million, compared to $44.21 million on downticks. The total uptick to downtick ratio was 0.43, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($26.19 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $26.19 million, indicating persistent selling. Under Armour (UA) traded $0.01 higher at $41.69 gaining 0.02% over the previous days close.


Under Armour, Inc. has dropped 4.62% during the last 3-month period . Year-to-Date the stock performance stands at 3.44%. Shares of Under Armour, Inc. rose by 3.45% in the last five trading days and 14.47% for the last 4 weeks. In a related news,The (President of North America) of Under Armour, Inc., Mirchin Matthew C sold 26,377 shares at $46.43 on April 25, 2016. The Insider selling transaction had a total value worth of $1,224,684. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Under Armour (NYSE:UA): stock turned positive on Monday. Though the stock opened at $41.67, the bulls momentum made the stock top out at $41.95 level for the day. The stock recorded a low of $41.57 and closed the trading day at $41.69, in the green by 0.02%. The total traded volume for the day was 3,024,346. The stock had closed at $41.68 in the previous days trading.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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