UAA Stock Plummets 24% in 3 Months: Should You Buy the Dip Now?

Under Armour, Inc. (UAA) has witnessed a significant decline over the past three months, with its shares plummeting 24%, underperforming the Zacks Textile – Apparel industry’s drop of 20.6%. The company also trailed the broader Consumer Discretionary sector’s slip of 5.2% and the S&P 500's dip of 6.1% during the same period. This downturn in the stock price can largely be attributed to growth challenges of the company, and intense competition in the athletic footwear, apparel and accessories market.UAA Stoc ...