Advertisement
UK markets closed
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • CRUDE OIL

    85.29
    -0.12 (-0.14%)
     
  • GOLD FUTURES

    2,400.00
    +17.00 (+0.71%)
     
  • DOW

    37,798.97
    +63.86 (+0.17%)
     
  • Bitcoin GBP

    50,726.90
    -119.21 (-0.23%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,865.25
    -19.77 (-0.12%)
     
  • UK FTSE All Share

    4,260.41
    -78.49 (-1.81%)
     

Why Under Armour Stock Plunged This Week

Why Under Armour Stock Plunged This Week

Week to date, shares of Under Armour (NYSE: UA) (NYSE: UAA) were down 11.5% through Thursday's close, according to data provided by S&P Global Market Intelligence. The sportswear brand delivered earnings results this week that beat Wall Street's expectations on revenue and earnings. The stock has been in a downward spiral in recent years, and the company's outlook for the year ahead didn't persuade investors that a turnaround is in store.