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Under Armour (UAA) Looks Good: Stock Adds 6.6% in Session
Under Armour, Inc. (UAA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 7.6% in the past one-month time frame.
The move came after the company announced an update to its 2018 restructuring plan, which is aimed at optimizing its strategic growth initiatives and overall business performance.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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 negative.
Under Armour, Inc. Price
Under Armour, Inc. Price | Under Armour, Inc. Quote
A better-ranked stock in the Textile – Apparel industry is G-III Apparel Group, Ltd. (GIII - 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
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