Friday’s 10 Worst Performing Stocks

2. Under Armour Inc. (NYSE:UAA)

Under Armour dropped its share prices by 4.96 percent on Friday, a third straight day, to close at $6.7 apiece as investors sold off positions following a downgraded rating.

On Wednesday, StockNews lowered its outlook for the company to “sell” from “hold” previously.

With the recent sell-off, investors appeared to have exercised caution from the ongoing trade war between the United States and China and how it would impact the business, despite its CEO saying that China’s tariffs on US goods have little impact on the company due to its products being sourced in China.

In its latest earnings presentation, UAA’s net income for the quarter ending December 2024 fell by 99 percent to $1.2 million from the $110.75 million registered in the same period a year ago, as net revenues dropped 6 percent to $1.4 billion versus $1.49 billion year-on-year.

In the first nine months alone, UAA swung to a net loss of $133.8 million versus a $225-million net profit in the same period year-on-year as net revenues declined by 8.9 percent to $3.98 billion from $4.37 billion.