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Fly News Breaks for April 12, 2019
Apr 12, 2019 | 08:51 EDT
Jefferies analyst Randal Konik says his firm's March webscrapes illustrate that Under Armour's (UAA) percentage of product on discount is flat to down for the twelfth month in a row year-over-year, Jefferies analyst Randal Konik tells investors in a research note. Further, the webscrapes show Adidas's (ADDYY) percentage of product on discount is up for the twelfth month in a row year-over-year, adds the analyst. In addition, visits to Finish Line (FINL), Foot Locker (FL), and Under Armour websites reveal the HOVR, Project Rock, and Curry 6 are sold out in several sizes, indicating strong demand, says Konik. He believes Nike (NKE) continues to dominate Adidas in running in the U.S., with strength in Air VaporMax and Air Max 270. The analyst also thinks the data bodes well for Under Armour's's sales and margins in Q1.
News For UAA;UA;NKE;ADDYY;FINL;FL From the Last 2 Days
Jul 19, 2019 | 12:25 EDT
Bullish option flow detected in Foot Locker with 2,688 calls trading, 1.0x expected, and implied vol increasing almost 3 points to 38.07%. Feb-20 30 calls and Jul-19 42.5 puts are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.52. Earnings are expected on August 23rd.