Here's Why Under Armour Is Underwater
Under Armour stock is down 27%. Should investors stay away?
Athletic brand Under Armour (UA) - Get Report has been shedding too much of its value as of late. Shares of Under Armour look to end the year down 27%; after third-quarter earnings, the stock lost 19% of its value. UA has to re-accelerate top line growth and jump-start margins if it wants to meet management's 2018 revenue goal of $7.5 billion. Keep your eye on the stock price — Under Armour is expected to announce fourth-quarter and year-end results on Jan. 31. Maybe 2017 will be the fan favorite's turnaround year?
This article was written by a staff member of TheStreet.
