Why Under Armour Stock Moved Higher Today
Shares of Under Armour (NYSE: UA) (NYSE: UAA) were gaining today for the second day in a row as the sportswear brand continued to climb on hopes for an economic recovery. Investors were also rotating out of high-priced growth stocks and into cheap cyclical stocks like Under Armour that have been hit hard by the pandemic.
Under Armour finished the day up 8.2% as the retail sector rallied broadly.
Image source: Under Armour.
Source Fool.com
