What’s happening with the Under Armour Inc. (UAA) share price & Why it is fluctuating? – News Heater
Home  »  Equity Research   »  What’s happening with the Under Armour Inc. (UAA...

What’s happening with the Under Armour Inc. (UAA) share price & Why it is fluctuating?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

According to US Securities and Exchange Commission officials, Under Armour (UAA) pledged $ 9 million to settle claims. The regulatory agency charged the firm with misleading investors about its income growth.

A Commission investigation found Under Armor had been counting future sales in its quarterly reports for the past six quarters beginning in the second half of 2015.CNBC reports that the UAA stock shifted revenues from orders to deliver in the coming quarters by $408 million.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


However, Under Armour (UAA) did not inform investors much about the consequences of this practice when it explained the growth in revenue by a variety of factors. As a result, future earnings forecasts for the UAA stock may be affected if this tactic continues.

Kurt Gottshall, regional director of the SEC’s Investor Relations Division, was quoted on CNBC as saying “public companies shouldn’t misrepresent any relevant information to investors when describing financial performance”.Under Armor was ordered by the SEC to stop the practice, which violates the US anti-fraud laws.

While the UAA stock agreed to pay the fine, it did not confirm or deny the Securities and Exchange Commission allegations. “The settlement only deals with the disclosure of information by the UAA stock and excludes any statements from the SEC or the exchanges that sales during these periods did not comply with generally accepted accounting principles,” according to a statement from Under Amour.

 

Under Armour (UAA) closed the last trading session at $24.17, falling -0.58% from its closing price. The stock traded 6.38 million shares, below the average daily volume of 5.42 million shares published for the last 50 days. Under Armour Inc., shares have increased 2.76% in the last five days, but are up 10.01% over the last month. In the last three months, the stock price increased by 34.35%, and it has been up 40.77 percent in the last year. In addition, its price-to-cash-flow ratio stands at 83.31, and its price-to-sales ratio is 2.25.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

Is NewAge Inc. (NBEV) a Keeper?

NewAge Inc. (NASDAQ:NBEV) went down by -2.51% from its latest closing price compared to the recent 1-year high of $4.55. The company’s stock price has

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam