Under Armour’s Stock Shines In The Summertime

If the past is any indication, now is the time of year when Under Armour Inc UA 0.97% starts to shine. On CNBC Fast Money Final Trade, Steve Grasso pointed out that Under Armour historically averages a 6 percent gain in June and an 11 percent gain in July.

Benzinga took a closer look at Under Armour’s summertime trading.

Since the beginning of June 2011, Under Armour has been one of the hottest stocks in the market, delivering an overall return of 339.1 percent versus the 60.9 percent return of the SPDR S&P 500 ETF Trust SPY 0.14% and the impressive 167.1 percent return of rival Nike Inc NKE 1.52%.

However, if Under Armour shareholders are particularly fond of the early summer months, there’s good reason. In the past five years, the SPY ETF has averaged a 1.5 percent gain during the months of June and July. Nike has delivered an impressive average gain of 2.5 percent during those two months.

But Under Armour has produced…

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