Under Armour shares were down nearly 50% in early trading on Friday. But there's a catch. Its shares have essentially been split as from Friday after the company issued extra 'Class C' stock to all existing shareholders that held its Class A and Class B shares. It had announced this move on March 16. In a normal stock split, say a two-for-one, a company would decide to give shareholders one extra share for each one they already own. This effectively doubles the number of shares owned and h...
Under Armour shares were down nearly 50% in early trading on Friday. But there's a catch. Its shares have essentially been split as from Friday after the company issued extra 'Class C' stock to all existing shareholders that held its Class A and Class B shares. It had announced this move on March 16. In a normal stock split, say a two-for-one, a company would decide to give shareholders one extra share for each one they already own. This effectively doubles the number of shares owned and h...
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