Under Armour, Inc. (NYSE:UA) has its shares plummet by -30.18% or $7.41 from its all-time high of $24.55, with UA attaining that price back on July 24, 2019. The drop in the price of the shares saw it stand at $17.14 per share. UA has been trading at a low of $15.05 over the past one year but it surged by 13.89% or $2.09 to reach the $17.14 mark. Following the massive rise in stock price, UA received more attention from investors and analysts. On Thursday, the stock plunged by 1.3%, which caused investors and analysts to excite about it. Following the plunge in price, the UA beta stands at 0, implying that its volatility level has gone down by 1 back of the general market. A look at the stock’s 200-day moving average shows that it is -14.46% below while its 50-day moving average shows that it is currently -20.59% below. Compared to 3.54% average daily volatility of past month, the stock’s average volatility for this week has decreased by -1.43 as the volatility level currently stands at 2.11%.
Over the past seven days, the stock has witnessed a price surge by 3.88%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -13.7% during that time frame and is now up by 6% since this point this year. UA has fell by -29.26% over the past 30 days, with its equity price losing% of its value over the past ninety days. These figures add up to see the stock record a shortfall of -12.82% over the past six months.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a oversold position as it was able to attain 29.87 points. Over the past three months, the trading volume has dropped massively, by roughly ????118.45%???, with the trading volume now standing at 2086869 shares. The decrease of -133131 shares in trading volume shows that traders and investors have shown less interest in the stock over the past few weeks. During that trading session, the average trading volume of UA was 2220000 shares, which is more than 0.94 times higher than its usual trading volume.