Shares of Under Armour (UA) Rally 3.09%

Under Armour (UA) : Traders are bullish on Under Armour (UA) as it has outperformed the S&P 500 by a wide margin of 7.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.09% in the last 1 week, and is up 11.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.54% and the 50-Day Moving Average is 8.78%.

Under Armour (NYSE:UA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.79 and $41.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.68, notching a gain of 0.34% for the day. The total traded volume was 2,742,415 . The stock had closed at $41.54 on the previous day.


The company Insiders own 16.5% of Under Armour shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.9% . Institutional Investors own 36.55% of Under Armour shares. During last six month period, the net percent change held by insiders has seen a change of -0.9%. 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, 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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