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Shares of Under Armour Inc. Cl A (UAA) slipped 5.71% to $7.10 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. The stock's fall snapped a three-day winning streak. Under Armour Inc. Cl A closed $20.18 below its 52-week high ($27.28), which the company achieved on November 19th.
The stock underperformed when compared to some of its competitors Wednesday, as Nike Inc. Cl B (NKE) fell 3.70% to $90.30, Columbia Sportswear Co. (COLM) fell 1.62% to $73.52, and Skechers USA Inc. Cl A (SKX) fell 1.05% to $34.86. Trading volume (11.9 M) eclipsed its 50-day average volume of 7.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 17:27 ET (21:27 GMT)
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