Talk of MLB deal pushes Under Armour higher

|About: Under Armour, Inc. (UA)|By:, SA News Editor

Several publications are reporting that Under Armour (NYSE:UA) has won the contract to outfit all major league baseball teams in 2020. The length of the contract or dollar amount isn't known yet.

A deal would mark Under Armour's first signing with a major U.S. professional sports league.

Stifel Nicolaus keeps it simple in assessing the development, calling it a "big step" for the sports apparel and footwear seller.

Shares of UA are up 1.44% to $38.17. The stock hasn't cracked $40 since August and $50 (split-adjusted) for almost a year.