|Bid||12.52 x 1100|
|Ask||12.53 x 1800|
|Day's Range||12.39 - 13.24|
|52 Week Range||6.37 - 19.65|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr. 25, 2018 - Apr. 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.50|
Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from Under Armour, Facebook, Google and Twitter.
Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners for $345 million, five and a half years after acquiring it for $475 million. In a press release announcing the news, Under Armour said the reason for this decision was to simplify and focus its brand, keeping it aimed at its "target consumer – the Focused Performer" in the interest of building "a singular, cohesive UA ecosystem." The fact that Under Armour is selling MyFitnessPal at a discount (not even including five years of inflation and stated MyFitnessPal user growth) indicates there's more to this than just maintaining focus.
U.S. stocks fell on Friday, dragged down by a slide in shares of tech heavyweights following their quarterly results, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood. Apple Inc tumbled about 6% after it posted the steepest drop in quarterly iPhone sales in two years due to the late launch of new 5G phones.