Under Armour Gains New Fan in Fairfax Financial Holdings

Shares of Under Armour Inc. got a boost after hours on Monday after Fairfax Financial Holdings continued to build up a large stake in the athleisure giant, whose stock has struggled over the past year.

The latest move by Fairfax Financial Holdings, a Canadian investment firm often referred to as the 'Warren Buffett of Canada,' has sparked interest in Under Armour's future. The firm's stake in Under Armour has grown significantly over the past few months, with Fairfax Financial Holdings now holding a substantial portion of the company's shares.

Under Armour's stock has faced challenges in recent years, with the company struggling to regain its footing in the competitive athleisure market. However, the support from Fairfax Financial Holdings has provided a much-needed boost to the company's stock price.

The move by Fairfax Financial Holdings is seen as a vote of confidence in Under Armour's future prospects. The firm's investment in the company is a significant one, and it is expected to have a positive impact on Under Armour's stock price in the coming days.

Under Armour's stock price has been on the rise since the news of Fairfax Financial Holdings' investment was announced. The company's shares have gained significant ground, and it is expected to continue its upward trend in the coming days.

The investment by Fairfax Financial Holdings is a significant one, and it is expected to have a positive impact on Under Armour's future prospects. The company's stock price is expected to continue its upward trend, and it is likely to be a major player in the athleisure market in the coming years.

Sources

[6] Under Armour has a new fan — in the firm founded by the ‘Warren Buffett of Canada’