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Is Under Armour Inc Class C (UA) Stock About to Get Hot Monday?

Monday, November 27, 2023 02:41 PM | InvestorsObserver Analysts

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Is Under Armour Inc Class C (UA) Stock About to Get Hot Monday?

Under Armour Inc Class C (UA) stock has gained 3.15% 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 higher by 2.45% while the S&P 500 has fallen -0.09% as of 2:29 PM on Monday, Nov 27. UA has risen $0.18 from the previous closing price of $7.35 on volume of 2,258,566 shares. Over the past year the S&P 500 has gained 14.92% while UA has fallen -8.62%. UA earned $0.90 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.37. To see InvestorsObserver's Sentiment Score for 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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