Baltimore-based Under Armour Inc (NYSE:UA) rose passed $68 a share in afternoon trading, subsequent to staying below Friday's close for most of the trading day. Many local stocks were in negative territory during the September 6th trading session continuing a downward trend from Friday's overall session slump based on virtually zero job creation in the U.S. economy. The markets were closed on September 5th in observance of the Labor Day Holiday.
But in today's trading session, Under Armor reached a high of $68.45 in a trading range that was as low as $64.44, the stock closed positive at one cent below to $67.99 a share, up 0.94% for the day or $0.63 cents
The fast-growing sportswear maker revealed on-field, one of 32 new uniform designs for the University of Maryland, College Park Football team.
The Maryland football team started the season on a good note defeating the University of Miami Hurricane's, 32-24 in the opening game for the Terrapin's.
The highly critiqued uniforms met their goal of generating an enormous amount of publicity for the team and Under Armour with a design that intrepidly sported the Maryland state flag. The bold and prideful designs were a bracing departure from typically basic uniforms and included cleats decorated in granular Maryland flags. Gone is the 'Terps' abbreviated logo; future uniforms will include turtle-shelled-helmets, in support of the Maryland Terrapin mascot Testudo.
Kevin Plank, CEO and Founder of Under Armour is a University of Maryland alumnus and grew up in Kensington, Maryland in Montgomery County.