|Bid||8.36 x 3100|
|Ask||8.50 x 1300|
|Day's Range||8.28 - 8.51|
|52 Week Range||7.87 - 23.00|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||8.88|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The drop came as the stock market as a whole rebounded Tuesday, with the Dow Jones industrial average, the NASDAQ composite and the S&P 500 all gaining around 2%. The decrease comes after Under Armour shares (NYSE: UAA) experienced the 10th highest trading day by volume in its history as a public company on Friday, with a trading volume of 53.8 million, according to Yahoo Finance data. The high trading volume is likely due to Under Armour’s removal from the S&P 500, an index of stocks for 500 large-cap companies.
Under Armour’s “brand momentum has waned relative to peers," noted Cowen & Co. analyst John Kernan, who downgraded shares to Market Perform from Outperform.
David Gibbs, CEO of Yum! Brands, bought nearly half a million dollars’ worth of shares of Under Armour, which he serves as a director.