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What Under Armour Stock Tells Jim Cramer About August Trading

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Under Armour reported adjusted earnings of 24 cents per share on revenue of $1.4 billion, exceeding estimates. The company also raised its full-year outlook "given the continued momentum." 

While largely positive, trading in Under Armour was volatile in the extent of the gains. 

As of 12 p.m. ET, the stock was over 6% higher to $22.48. 

Jim Cramer discussed Under Armour earnings and what the subsequent stock action says about August trading in the video above. 

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