Under Armour shares reach highest point in more than a year ahead of earnings

Shares of Under Armour Inc. are flying high ahead of the sportswear maker’s latest quarterly financial update. Since Jan. 29, Baltimore-based Under Armour (NYSE: UAA) has seen its stock price increase 20% to a new 52-day high of $21 as of trading Monday afternoon. The stock is at its highest point since January last year, before the company reported its earnings for the fourth quarter of 2019.