Under Armour Inc UAA's class A shares are trading lower by $0.50 at $19.55 in Tuesday's session. There is no speicific news on the issue to account for the decline. However, weak first quarter and FY 2017 from Dicks Sporting Goods Inc DKS may be a contributing factor.
Since its February 24 close ($21.81), the issue has traded lower in six of last seven sessions (including Tuesday's price action). The one outlier being a $0.33 gain on March 3 from $20.60 to $20.93.
It is now under $20.00 for the first time since December 2013. Also, it is trading at its lowest level since November 2013, when it bottomed at $19.01. At this time, the low for the session stands at $19.26.
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