The company announced that its Board of Directors has authorized the repurchase of up to $500M of Under Armour’s outstanding Class C common stock. Repurchases under this program may be made over the next three years through various methods, including accelerated share repurchase, open market, or privately negotiated transactions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UA:
- Options Volatility and Implied Earnings Moves Today, May 16, 2024
- UA Earnings this Week: How Will it Perform?
- Options Volatility and Implied Earnings Moves This Week, May 13 – May 16, 2024
- Under Armour price target lowered to $8 from $9 at Telsey Advisory
- Under Armour Class A put volume heavy and directionally bearish