Market Overview

Under Armour Showing Weakness On Upcoming Nike Earnings

Related NKE
China Trade Concerns Emerge As Trump Plans To Impose Tariffs
All Eyes On Nike's New Products Ahead Of Q3 Print
Report: Ackman cashes out Nike stake at 32% gain (Seeking Alpha)
Related UA
Vetr Crowd And Analysts Bearish On Under Armour
Vetr Crowd Downgrades Under Armour
Under Armour: Questions Remain, But I Intend To Stay Long The Stock (Seeking Alpha)

Shares of Under Armour Inc (NYSE: UA) are showing weakness Tuesday, trading down 3.25 percent from the open at $81.05 to a daily low of $77.92. This downward pressure may be attributed to Nike Inc (NYSE: NKE) moving higher, up 0.71 percent. The latter will report earnings after the market closes Tuesday afternoon.

Jim Cramer told viewers on Monday's edition of CNBC's Mad Money to hold onto Under Armour shares, despite the potential that shares could trade lower.

Continue to look for movement in each of these sport retailers as market inches toward Tuesday's close. Nike typically reports at 4:15 p.m ET, so expect volatility in peers of athletic retailers around then.

Posted-In: Jim Cramer Mad MoneyEarnings Intraday Update Movers


Related Articles (NKE + UA)

View Comments and Join the Discussion!