Under Armour (NYSE: UA) (NYSE: UAA) has gone from stock market darling to pariah in just a few short months. Two consecutive weak earnings reports, the end its 26-quarter streak of 20% revenue growth, and management’s decision to pull back from its 2018 guidance of $7.5 billion revenue have combined to push the stock down 50% since October.
With the sportswear maker’s first-quarter earnings just around the corner, investors are certainly hoping for better news. However, one recent indicator shows that Under Armour’s challenges have likely continued.