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Why Under Armour Stock Plunged This Week

Why Under Armour Stock Plunged This Week

Week to date, shares of Under Armour (NYSE: UA) (NYSE: UAA) were down 11.5% through Thursday's close, according to data provided by S&P Global Market Intelligence. The sportswear brand delivered earnings results this week that beat Wall Street's expectations on revenue and earnings. The stock has been in a downward spiral in recent years, and the company's outlook for the year ahead didn't persuade investors that a turnaround is in store.