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$UA Under Armour Insider selling reminds me of how overpriced the stock is

Under Armour trading at 57 forward P.E. is near all time highs which is amazing considering that the market seems to be in a major shift from growth to value.  This doesn’t seem to have gone unnoticed by the insiders who are dumping an unprecedented amount of stock. Two insiders dump 25-45% of their holdings.

Insiders dumping stock courtesy of the Washington Service.

 

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