Why Under Armour Stock Sank 7% Today
The S&P 500 index eked out a small win on the first trading day of the week -- but Under Armour (NYSE: UAA) (NYSE: UA) shareholders weren't so lucky. By close of trading, "A" shares of the sportswear maker's stock dropped nearly 7% in early trading, closing the day down 6.5%, while "C" shares of the stock did only a little bit better, falling 5.5% initially before closing the day down 4.7%.
You can thank J.P. Morgan for all of that.
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Source Fool.com
