Under Armour, Inc. (UAA - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.92 to $16.70 in the past one-month time frame.
The move came after the company reported solid revenues for fourth-quarter 2017. Following robust demand in Europe, the Middle East and Africa (EMEA), Asia-Pacific and Latin America, the company’s top line increased 4.6% to $1,365.4 million.
The company has seen one positive estimate revision in the past one month, while its Zacks Consensus Estimate has remained unchanged in the said time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Under Armour currently has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked stock in the Textile – Apparel industry is Columbia Sportswear Company (COLM - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is UAA going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>