By  on October 23, 2017

Shares of Under Armour Inc. fell 4.3 percent Monday as investors were apparently rattled over a report that the company’s cofounder Kip Fulks was taking a further step back at the company and the activewear giant is considering exiting some smaller-volume businesses, such as the tennis and outdoor categories.

The company’s stock closed down 68 cents to $15.23.

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