Is it Time to Dump Under Armour Inc Class A (UAA) Stock After it Is Up 4.29% in a Week?

Overall market sentiment has been high on Under Armour Inc Class A (UAA) stock lately. UAA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Under Armour Inc Class A has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UAA!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With UAA Stock Today?

Under Armour Inc Class A (UAA) stock is up 0.75% while the S&P 500 is down -0.1% as of 2:29 PM on Tuesday, Nov 28. UAA is up $0.06 from the previous closing price of $7.96 on volume of 4,587,181 shares. Over the past year the S&P 500 has gained 14.68% while UAA is down -14.59%. UAA earned $0.90 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.92.

More About Under Armour Inc Class A

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and more than 400 total global factory house and brand house stores. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996. Click Here to get the full Stock Report for Under Armour Inc Class A stock.