Under Armour (UA) Jumps 14% as Large Investor Boosts Stake

Core Viewpoint - Under Armour Inc. (NYSE:UA) has experienced a significant increase in share prices, rising by 14.44% week-on-week, reaching a new four-month high, driven by increased investment from Fairfax Holdings [1][2]. Group 1: Share Price Movement - Under Armour's share price surged by 14.44% week-on-week, marking a new four-month high [1]. - The rally in share prices was influenced by Fairfax Holdings, which increased its stake in Under Armour [2]. Group 2: Investment Activities - Fairfax Holdings, a Canada-based financial services firm, raised its stake in Under Armour through a series of acquisitions, becoming a 10% owner [2]. - On December 30, Fairfax acquired $67 million worth of additional shares, including over 11.5 million Class A shares and 1.67 million Class C shares, at average prices of $5.1408 and $4.9474, respectively [3]. - Prior to this, from December 22 to 29, Fairfax purchased an additional 15.68 million Class A and C common shares at average prices of $4.6133 and $4.4055 [4]. Group 3: Company Performance - Under Armour reported a net loss of $18.8 million for the second quarter of fiscal year 2026, a decline from a net income of $170.38 million in the same period the previous year [5]. - Revenues decreased by 5% year-on-year, falling to $1.33 billion from $1.40 billion, primarily due to lower revenues from North America, wholesale, and apparel segments [5].