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Under Armour (UAA) Jumps: Stock Rises 9.8%

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Under Armour, Inc. (UAA - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12.9% in the past one-month time frame.

The stock gained after the company’s rating was upgraded by an analyst at Stifel.

The company has seen 15 negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Under Armour currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Textile - Apparel industry may consider G-III Apparel Group, LTD. (GIII - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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