** Clothing manufacturer Under ArmorUAIt fell 12.2% in early trading to $7.11.

** Shares fell below the 50-, 100- and 200-day exponential moving averages, setting up their worst performance in a year and a half if current losses hold.

** The company said founder Kevin Plank, who served as CEO until 2019, will return (link) effective April 1, replacing Stephanie Linnartz .

** Evercore ISI downgraded the stock to "underperform" from "consensus" and lowered its price forecast to $7.00 from $8.00; saying Plank's return is a clear signal that UAA's strategy is failing.

** Plank ends his first tenure as CEO with a massive brand distribution glut, profitability will deteriorate in the coming years and stock prices will fall -- Evercore

** Share price down 13% in 2023