Under Armour shares fell after founder, CFO named in SEC probe

Under Armour shares fell after founder, CFO named in SEC probe

Under Armour shares slid 4.7% Monday morning after the Baltimore-based apparel company disclosed it received a Wells Notice signaling that the US Securities and Exchange Commission is planning to bring an enforcement action against the company regarding its 2017 investigation into whether Under Armour used ’pull forward’ sales to hit sales objectives.

Timothy
Timothy
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