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Under Armour crashes pre-market owing to its Q3 announcements

UA (NYSE:UA) saw its peak in the mid-2015 and has since then started a slow descent from $50 to a range of $15 -$20 now. Due to a lag in its growth, UA has implemented a restructuring last quarter in order to streamline its business and better align its results to its direct-to-consumer channels. In 2017, so far the company has seen declining margins, rising operating expenses, a massive restructuring