Under Armour (UA, UAA) Cuts Earnings Guidance by 50 Percent

Under Armour Inc (NYSE: UA, UAA) stock crashed 13 percent to its lowest level in more than four years on Tuesday after the company aggressively cut its full-year earnings and revenue guidance. Under Armour has been dealing with slowing growth for roughly two years now, and the company’s third-quarter earnings report provided no indication of a near-term turnaround.

J C Penney Company Inc (JCP) Falls to 30-Year Low

J C Penney Company Inc (NYSE: JCP) stock crashed more than 17 percent Friday to its lowest level since the 1980s after the company issued deep cuts to its 2017 guidance ahead of the critical holiday shopping season. The latest cut only adds to investor concerns that JCP will be unable to save its struggling business.