Shares of Under Armour Inc (NYSE:UA) ended Tuesday session in green amid volatile trading. The shares closed up +0.37 points or 0.96% at $38.93 with 6.32 million shares getting traded. Post opening the session at $38.81, the shares hit an intraday low of $38.44 and an intraday high of $39.29 and the price vacillated in this range throughout the day. The company has a market cap of $15.59 billion and the numbers of outstanding shares have been calculated to be 183.39 million shares.
On Aug. 30, 2016 Under Armour (NYSE: UA, UA.C), Maryland Governor Larry Hogan, Maryland Secretary of Commerce Mike Gill, Baltimore County Executive Kevin Kamenetz and Tradepoint Development Executive Vice President Eric Gilbert announced the company’s plan to open a 1.3 million square-foot distribution and warehouse facility at Sparrows Point in Baltimore County, as part of the Tradepoint Atlantic redevelopment project. This will be Under Armour’s fourth distribution facility in the United States and the second in the surrounding area of the company’s headquarters in Baltimore, Maryland. The other Maryland facility is located in Curtis Bay and will continue to operate in addition to its Rialto, California and Mount Juliet, Tennessee distribution houses. The establishment of the Sparrows Point distribution house, which is expected to open in the summer of 2018, is a collaboration with state and local officials to employ approximately 1,000 employees in the Baltimore area once the facility is operating at its full capacity. The facility will feature state-of-the-art equipment and systems to enhance Under Armour’s product distribution to its expanding consumer base through its e-commerce business.
“We take great pride in collaborating with Governor Hogan, Secretary Gill, Baltimore County Executive Kamenetz, Tradepoint Atlantic and the many other state and local officials who share our commitment to create economic and job opportunities for the greater Baltimore community and Maryland as a whole,” said Under Armour Founder and CEO Kevin Plank. “The new Distribution House will be a top-notch service engine for our e-commerce business to deliver the right product, to the right place at the right time to our growing consumer base and athletes around the world.”
Shares of Philip Morris International Inc. (NYSE:PM) ended Tuesday session in green amid volatile trading. The shares closed up +0.59 points or 0.58% at $102.36 with 3.38 million shares getting traded. Post opening the session at $101.66, the shares hit an intraday low of $101.44 and an intraday high of $102.38 and the price vacillated in this range throughout the day. The company has a market cap of $160.61 billion and the numbers of outstanding shares have been calculated to be 1.55 billion shares.
Philip Morris International Inc. (PM) manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. The company also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Hope in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It markets and sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is based in New York, New York.