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Is it Time to Dump Under Armour Inc Class C (UA) Stock After it Is Higher By 8.03% in a Week?

Tuesday, February 27, 2024 03:44 PM | InvestorsObserver Analysts

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Is it Time to Dump Under Armour Inc Class C (UA) Stock After it Is Higher By 8.03% in a Week?

Under Armour Inc Class C (UA) stock has gained 8.03% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Under Armour Inc Class C has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UA!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With UA Stock Today?

Under Armour Inc Class C (UA) stock is trading at $8.48 as of 3:43 PM on Tuesday, Feb 27, a rise of $0.28, or 3.41% from the previous closing price of $8.20. The stock has traded between $8.26 and $8.50 so far today. Volume today is light. So far 2,013,125 shares have traded compared to average volume of 3,436,616 shares. To screen for more stocks like Under Armour Inc Class C click here.

More About Under Armour Inc Class C

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 C stock.

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