News stories about Under Armour (NYSE:UA) have been trending positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Under Armour earned a media sentiment score of 2.11 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Under Armour’s score:
- Under Armour Debuts “M-Tag” Sneakers For Dennis Smith Jr. & Others (hotnewhiphop.com)
- Why the Worst May Not Be Over for Under Armour Stock (investorplace.com)
- Under Armour is on a hot streak, and charts point to more upside (finance.yahoo.com)
- Under Armour To Host Investor Day On December 12, 2018 (finance.yahoo.com)
- Advent Calendar Day 2: A$AP Rocky x Under Armour SRLo “Black” (hypebeast.com)
Shares of UA opened at $22.53 on Tuesday. Under Armour has a 1 year low of $11.37 and a 1 year high of $23.28. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 118.58 and a beta of -0.54.
A number of brokerages recently commented on UA. Morgan Stanley set a $21.00 price objective on Under Armour and gave the stock a “hold” rating in a research report on Tuesday, November 27th. Piper Jaffray Companies upgraded Under Armour to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, November 5th. Canaccord Genuity set a $12.00 price objective on Under Armour and gave the stock a “sell” rating in a research report on Friday, October 26th. Pivotal Research set a $20.00 price objective on Under Armour and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Wells Fargo & Co upgraded Under Armour from an “underperform” rating to a “market perform” rating and set a $23.00 price objective for the company in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.43.
In other Under Armour news, CFO David Bergman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $21.30, for a total transaction of $106,500.00. Following the transaction, the chief financial officer now owns 160,166 shares in the company, valued at $3,411,535.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 16.00% of the stock is currently owned by company insiders.
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About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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