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Under Armour stock price
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Analysts May Be Calling a Bottom in Under Armour Shares
Under Armour's 'commoditized' brand is vulnerable in North America
Under Armour(UAA) shares are up nearly 16% in Tuesday trading after revenue beats expectations. Under Armour Inc. (UAA) shares are getting a boost from a fourth-quarter revenue beat, but at least one analyst thinks brand weakness in North America will hurt overall performance going forward. Under Armour (UAA) reported revenue of $1.37 billion, up from $1.31 billion last year and ahead of the $1.31 billion FactSet consensus.
U.S. stocks close higher for a third straight session
U.S. stocks closed higher for a third straight session on Tuesday, with banks and consumer staples leading the market higher in a broad advance. The Dow Jones Industrial Average rose 40 points, or 0.2%, to 24,641. The S&P 500 added 7 points to 2,663, a rise of 0.3%. The Nasdaq Composite Index was up 32 points, or 0.5%, to 7,013. All three indexes had opened in negative territory but regained ground throughout the session. Despite that, at current levels they remain about 7% below record levels hit late last month, meaning they are still in correction territory. Financial stocks were among the biggest gainers of the day, with the sector up 0.5%. Wells Fargo & Co. jumped 2.7% after CEO Timothy Sloan reassured investors that the Federal Reserve's action capping its assets wouldn't hurt the bank. Separately, Goldman Sachs Group Inc. rose 0.9%. The day's gains were broad, with nine of the 11 primary S&P 500 sectors ending higher on the day. Energy was one of the two decliners, dipping 0.4% as oil prices stalled. In company news, Under Armour Inc. spiked 16% after it reported stronger-than-expected revenue.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
After slow start, banks and retailers lead stocks higher
Stocks shake off a slow start and turn higher as banks and technology companies climb, while retailers including Under Armour and Amazon also make gains
Under Armour's stock sinks after Susquehanna swings back to bearish rating
Shares of Under Armour Inc. sank 3.7% in premarket trade Tuesday, after the athletic gear and apparel maker was downgraded at Susquehanna Financial, which cited "poor" brand management, worsened by a promotional environment. Analyst Sam Poser cut his rating back to negative, after raising it to neutral two months ago. He kept his stock price target at $11, which is 31% below Monday's closing price of $15.98. "Despite ongoing evolution within the ranks of [Under Armour's] senior management, we believe, based on proprietary checks and our industry experience, that Under Armour's brand position will continue to weaken before it is clear if it can be salvaged," Poser wrote in a note to clients. "We contend that, in order to reaffirm [Under Armour's] place as an aspirational sports brand, all Under Armour product must be pulled from Kohl's, DSW, and Famous Footwear." He said advertisements for Under Armour products from the "moderate" retailers are causing "better" retailers such as Dick's Sporting Goods Inc. and Hibbett Sports Inc. to "plan their Under Armour businesses down." The stock has lost 4.0% over the past three months, while rival Nike Inc. shares have soared 25.3% and the S&P 500 has gained 8.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wall St Week Ahead-This year's lumps of coal could be 2018's diamonds
By Noel Randewich
SAN FRANCISCO, Dec 22 (Reuters) - Investors saddled in 2017
with the market's worst performers, including Under Armour and
General Electric, may do well to remember as December draws to
an end that lumps of coal sometimes turn into diamonds.
As investment advisors rebalance clients' portfolios in the
final weeks of the year, the instinct to dump stocks that have
been left behind in surging markets - or that fall out of favor
with analysts - can be self-destructive.
Under Armour appoints new CFO, gets VP of digital product
Under Armour Inc. late Monday said it named acting Chief Financial Officer David Bergman its permanent CFO, and in a separate statement announced a couple of departures from and one addition to its executive team. The company said it has appointed Michael La Guardia vice president of digital product, responsible for leading digital product development, working with other teams, "to manage the successful creation and execution of Under Armour's digital products." La Guardia was most recently head of product for Yahoo Finance and Yahoo Sports. Under Armour also said MyFitnessPal co-founders Mike Lee and Albert Lee will depart Under Armour in January "to pursue their next entrepreneurial ventures." Under Armour bought the platform in 2015. Under Armour shares were flat in the late session after ending the regular trading day up 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Under Armour Announces Strategic Changes In Its Digital Business
Under Armour Inc(UAA): * UNDER ARMOUR ANNOUNCES STRATEGIC CHANGES IN ITS DIGITAL BUSINESS. * Under Armour Inc(UAA) - MICHAEL LA GUARDIA WILL JOIN AS SENIOR VICE PRESIDENT, DIGITAL PRODUCT. * Under Armour Inc (UAA) - LA GUARDIA WAS MOST RECENTLY HEAD OF PRODUCT FOR BOTH YAHOO! * Under Armour Inc (UAA) - MIKE LEE AND ALBERT LEE, CO-FOUNDERS OF MYFITNESSPAL, ANNOUNCED THEIR DECISION TO LEAVE COMPANY IN JANUARY.
BRIEF-Under Armour Names David Bergman As Chief Financial Officer
Under Armour Inc(UAA): * UNDER ARMOUR NAMES DAVID BERGMAN AS CHIEF FINANCIAL OFFICER. * Under Armour Inc(UAA) - ANNOUNCED THAT DAVID BERGMAN HAS BEEN NAMED CHIEF FINANCIAL OFFICER Source text for Eikon: Further company coverage:
BRIEF-Redwave Global says announced partnership with Under Armour
* Redwave Global says announced partnership with Under
to provide restorative apparel to consumers nationwide
Source text for Eikon:
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