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Why Under Armour Stock Was Down Over 10% This Week

TheMotleyFool

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Why Under Armour Stock Was Down Over 10% This Week: https://g.foolcdn.com/editorial/images/681190/athletic-wear-running-workout.jpg

Week to date, Under Armour's (NYSE: UA) (NYSE: UAA) Class A shares were trading down 15.2% as of 11:33 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.

On May 18, Under Armour announced that CEO Patrik Frisk was stepping down after two years on the job. The Class A shares are currently down 56% year to date, trailing other retail stocks and the S&P 500 index.