01.06.2016 19:17:03

Under Armour Posting A Steep Loss In Afternoon Trading

(RTTNews) - Sports apparel maker Under Armour (UA) has come under pressure during trading on Wednesday, falling by 4.9 percent. Shares of Under Armour hit their lowest intraday level in almost four months earlier in the day.

The steep drop by Under Armour comes after the company lowered its guidance due to the bankruptcy filing by sporting goods retailer Sports Authority.

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Under Armour Inc. 8,06 -3,21% Under Armour Inc.