Why Under Armour Inc. (UAA) Skyrocketed On Tuesday?

A muted trading persisted connected the banal marketplace connected Tuesday, with large indices ending successful the red, signaling minimal losses portion digesting President Donald Trump’s tariff policies.

The Dow Jones declined by 0.38 percent, the S&P 500 dipped by 0.17 percent, portion the tech-heavy Nasdaq dipped by 0.05 percent.

Ten companies bucked a broader marketplace pessimism, booking humble gains during the session. In this article, we person identified the reasons down their gains.

To travel up with the list, we lone considered the stocks with $2 cardinal marketplace capitalization and $5 cardinal trading volume.

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Under Armour jumped by 5.51 percent connected Tuesday to decorativeness astatine $5.74 apiece pursuing quality that infamous hoops subordinate Stephen Curry volition person a $75 cardinal banal assistance from the company.

The contract, portion of the semipermanent deal, is reportedly expected to screen the remainder of Curry’s hoops vocation and tin go a beingness deal, assuming definite conditions are met.

The banal award, astir 8.8 cardinal restricted banal units, reportedly volition beryllium made successful 2 installments—in 2029 and 2034 arsenic agelong arsenic Curry remains with Under Armour.

The banal assistance was connected apical of his nonstop payments from UAA, which reportedly amounts to 8 figures annually, arsenic good arsenic the $215-million declaration helium presently holds with the Golden State Warriors.

In its latest net presentation, UAA’s nett income for the 4th ending December 2024 fell by 99 percent to $1.2 cardinal from the $110.75 cardinal registered successful the aforesaid play a twelvemonth ago, arsenic nett revenues dropped 6 percent to $1.4 cardinal versus $1.49 cardinal year-on-year.

In the archetypal 9 months alone, UAA swung to a nett nonaccomplishment of $133.8 cardinal versus a $225-million nett net successful the aforesaid play year-on-year arsenic nett revenues declined by 8.9 percent to $3.98 cardinal from $4.37 billion.

Overall, UAA ranks 5th connected our database of firms that extremity stronger connected Tuesday. While we admit the imaginable of UAA arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than UAA but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.