Why Under Armour Inc. Stock Is Down 30% This Year
Shares of Under Armour (NYSE: UA) (NYSE: UAA) have been falling behind this year, with the sportswear stock down 30%, according to data from S&P Global Market Intelligence.
Image source: Under Armour.
The stock collapsed following an ugly fourth-quarter earnings report at the beginning of the year and it's been unable to recover since, trading sideways. As the chart below shows, essentially all of the losses came on that earnings report, with the class C shares faring slightly better.
Source: Fool.com