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Wall Street Reacts Positively To Under Armour’s Job Cuts

Published on October 2, 2018 By kelly simmons

Shares of Under Armour Inc. rose $1.24, or 6.6 percent, to $20 at market close Thursday following the company’s early morning announcement that it would increase the number of job cuts as part of a broader restructuring plan. Under Armour, which raised guidance for 2018 while announcing the cuts, said it will reduce the company’s […]