Under Armour is trading 4.04% down at $5.34 on November 6 as investors focus on a reduced fiscal 2027 gross-margin expansion forecast. - The forecast is now 170–220 basis points, down from 220–270. - Second-quarter revenue slightly beat expectations, while third-quarter sales guidance was weaker than expected. - Reuters reported shares fell about 12% in premarket trading after the update; the consumer discretionary sector was also sharply lower, adding pressure.