Top-ranked hedge fund takes big stake in Under Armour

//Top-ranked hedge fund takes big stake in Under Armour

Top-ranked hedge fund takes big stake in Under Armour

A notoriously secretive hedge fund that regularly ranks near the top of financial rankings has taken a major stake in Under Armour Inc. Greenwich, Connecticut-based Lone Pine Capital LLC bought 12.7 million shares of Under Armour stock, or a 6.7% stake, according to a Jan. 13 filing with the U.S. Securities and Exchange Commission. The stake has a value of $25.7 million based on Under Armour's closing stock price of $20.17 on Monday. Shares closed up 2%. For Baltimore-based Under Armour, theā€¦

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By | 2020-01-13T23:33:48+00:00 January 13th, 2020|Sports|

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