Under Armour, Inc. Class C Common Stock, $0.0003 1/3 par value (UA)
Under Armour, Inc. Class C (UA) is an American sportswear, footwear, and accessories company founded in 1996. Known for its performance apparel and innovative products designed for athletes, Under Armour has established a strong presence in the athletic gear market. The company focuses on developing high-performance sportswear and digital fitness solutions, emphasizing technology-driven designs to enhance athletic performance. Under Armour serves consumers worldwide through retail stores, e-commerce, and wholesale channels.
Company News
Bill Ackman's hedge fund Pershing Square invested $1.4 billion in Nike, converting stock to call options, betting on the company's turnaround strategy under new leadership after experiencing revenue declines and management challenges.
The global running gear market is projected to grow from USD 45.30 billion in 2024 to USD 69.05 billion by 2032, driven by increasing health awareness, fitness culture, and technological innovations in wearable devices.
U.S. stocks edged lower on Friday as investors braced for potential geopolitical fallout, with President Trump weighing a military response in the escalating Iran-Israel conflict. The S&P 500 slipped 0.4%, the Dow 0.1%, and the Nasdaq 100 led losses with a 0.7% drop.
Under Armour's stock price rose 19% after the company reported better-than-expected Q1 2025 earnings, with revenue down 10% but beating analyst estimates. The company's restructuring efforts, including expense reductions and inventory management, helped improve profitability and cash position.
Under Armour changed CEO five times in five years. Click here to read more about UA stock, its valuation analysis, and my recommendation.
