Opinion

Under Armour: Why We Shorted It (Hint: It Wasn't About President Trump)

Last week, Under Armour stock crashed in value by 26%. This occurred when they announced that their holiday sales were less strong than expected (and holiday sales are very important for retail companies) and that next quarter's earnings were likely to be lower than previously expected. On the heels of that it was announced that the CFO of the company would be departing for personal reasons.

Under Armour: Why We Shorted It (Hint: It Wasn't About President Trump)

Last week, Under Armour stock crashed in value by 26%. This occurred when they announced that their holiday sales were less strong than expected (and holiday sales are very important for retail companies) and that next quarter's earnings were likely to be lower than previously expected. On the heels of that it was announced that the CFO of the company would be departing for personal reasons.