Under Armour to be dropped from S&P 500 index
Posted On June 7, 2022
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Tuesday, June 7, 2022
Bill Vanko, WBAL NewsRadio 1090 and FM 101.5
The Dow Jones announced that Under Armour would be dropped from the S&P 500 stock index on June 21.
The news comes after the Baltimore-based company’s stock prices went down over the last five months. Under Armour will be moved to the S&P MidCap 400, made up of stocks generally worth between $2 million and 10 billion.
Recent stock prices of Under Armour showed the company is worth a little over $4 billion.
Under Armour in 2016 had a market capitalization of more than $25 million.
The company is set to be removed on June 25.
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