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.

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Source Fool.com