Under Armour stock drops 6% as BlackRock reveals 10.6% stake in UAA
Under Armour Class A shares fell 6.1% to $5.64 by midday Friday after BlackRock disclosed a 10.6% stake. A Fairfax-led group reported a 22.2% stake earlier this week. Shares traded between $6.10 and $5.61. The company’s next quarterly report is expected Feb. 5.