Under Armour split the stock into a new class this year in order to allow the CEO to unload shares and maintain voting power.
The stock has traded weak over the last year as costs continue to pressure results.
A strong case can be made for value in the Class C shares.
Back in 2015, Under Armour (NYSE:UA) decided to split the stock into another class of shares. The deal was signaled as a stock dividend, but the real intent of the move was to allow the CEO an ability to unload shares without losing voting power.