Under Armour sales top estimates on international momentum, sending shares soaring Source: https://www.cnbc.com/2018/02/13/under-armour-q4-earnings-2017.html Under Armour shares surge after fourth-quarter sales top expectations. Total revenue in the period climbed 5 percent to $1.37 billion. Sales in international markets jumped 47 percent, representing 23 percent of total sales. Under Armour managed to sell more apparel, footwear and accessories during the holiday season.
I had $20 as a previous support level, but that was taken out. This move here goes back above, watching to see if it holds.
UA has spent the last year laying off employees. What a toxic work environment Kevin Plank has created. Instead of concern for their stock price, I'd be concerned the company goes under. They'll never be Nike.
