What a wild ride it has been already for Under Armour (UA)(UAA) shareholders so far in 2018.
The sports apparel maker has seen its stock shoot up to nearly $15/share by January 8th, only to U-turn over the past week. UAA is trading down rather sharply today following a Macquarie downgrade on concerns over organic growth and a potential equity raise. The move follows another meaningful bearish report that came out of SIG about a week ago.
Amid plenty of volatility, Under Armour is getting ready to report results of the holiday quarter at the end of January to either confirm or refute mounting skepticism by Street experts.
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