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UAA - Why Shares of Macy's Gap and Under Armour Were Falling Today
Under Armour Inc. Class A
Shares of retailers including Macy's (NYSE: M), Gap (NYSE: GPS), and Under Armour (NYSE: UA)(NYSE: UAA) were all heading lower today due to a mix of downgrades and negative reports as the broader market pulled back after three straight days of gains.
As of 12:39 p.m. EDT on Friday, Macy's stock was down 7.8%, Gap shares were off 7.6%, and Under Armour stock had given up 3.9%. At the same time, the S&P 500 was down 2.8%.