UAA: Analyst Downgrades, Stock Sales—And a $434M Ghost That’s Still Haunting
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Court: D. Maryland
Case: 1:17-cv-00388
Under Armour faces pressure from Wall Street and insider moves
- Under Armour
UAA is once again under pressure after multiple analysts issued new price targets that suggest limited upside for the stock. Firms like Evercore ISI and Truist lowered their ratings following a weak earnings report last month, where the company posted a loss and revenue declined 11.4% year-over-year. - Meanwhile, insider activity has raised eyebrows, with executive Mehri Shadman recently selling over 16,000 shares, cutting their stake by nearly 8%. Institutional investors like SG Americas Securities also trimmed their holdings by over 50% last quarter, reflecting potential skepticism about the company’s near-term outlook.
Other facts about UAA that any investor should consider
- At the same time, Under Armour has agreed to a $434 million settlement with investors to resolve claims that it misled them about revenue growth and business prospects.
- You can check more information about it and file for a payout here.