Under Armour Investigates Data Breach Affecting 72 Million Users
Under Armour is investigating a data breach after millions of customer records were posted to a hacker forum, allegedly linked to a November attack claimed by the Everest ransomware gang, TechCrunch's Zack Whittaker reports. The stolen data, confirmed by Have I Been Pwned, includes names, emails, genders, birth dates, locations, purchase information, and also contains numerous employee email addresses, impacting 72M individuals, according to the report. Under Armour spokesperson Matt Dornic told TechCrunch that the company is "aware of claims that an unauthorized third party obtained certain data," adding that "Our investigation of this issue, with the assistance of external cybersecurity experts, is ongoing. Importantly, at this time, there's no evidence to suggest this issue affected UA.com or systems used to process payments or store customer passwords."
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Steph Curry Becomes First NBA Player to Wear On Shoes, Potential Endorsement Deal Looms
- First On Shoes Appearance: Golden State Warriors superstar Steph Curry was spotted wearing On shoes from Roger Federer's line during warm-ups, marking a potential entry for On into the basketball shoe market.
- Endorsement Deal Speculation: This move by Curry could indicate he is seeking an endorsement deal with On Holdings, which may enhance the brand's visibility in the athletic footwear sector.
- Positive Market Reaction: Shares of On Holdings rallied 4.6% in Wednesday afternoon trading, reflecting a favorable market response to Curry's choice of footwear, potentially signaling an increase in brand value.
- Curry's Relationship with Under Armour: With Curry's contract with Under Armour expiring in November, he is now a free agent, which may open up opportunities for collaboration with new brands, further advancing On's strategy in the basketball shoe market.

Under Armour (UAA) Becomes Most Shorted Stock in Consumer Discretionary Sector with 34.96% Short Interest
- Short Interest Analysis: In December, the average short interest across the consumer discretionary sector rose, with Under Armour (UAA) becoming the most shorted stock at 34.96%, indicating market pessimism about its future performance.
- Competitor Comparison: Following UAA, Kohl’s (KSS) and Advance Auto Parts (AAP) had short interests of 25.86% and 21.75%, respectively, suggesting that confidence in these companies is also under pressure, which could affect their stock prices.
- Low Short Stocks: Amazon.com (AMZN) maintained a low short interest of only 0.69%, reflecting investor confidence in its future growth, which may provide support for its stock price.
- Market Trends: Overall, short positioning in the consumer discretionary sector remains concentrated in specific apparel, retail, and auto-related names, reflecting differing market perceptions that could influence investors' asset allocation strategies.









