Why Under Armour Stock Stumbled Today
The stock of Under Armour (NYSE: UAA) (NYSE: UA) lost ground to the market on Friday, dropping 9% by 12:30 p.m. ET today, compared to a 0.3% decline in the S&P 500. The decline was sparked by news that the retailer is struggling with supply chain challenges.
Revenue for the holiday period that ended in late December was up 8% after accounting for currency exchange swings. That result was just above most investors' hopes.
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Source Fool.com
