Closing Bell: Ambiq Rises, EchoStar Slides, Under Armour Falls

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- Ambiq (AMBQ) shares rose to a record high after the ultra-low-power semiconductor solutions provider reported better-than-expected results for its first quarter, and provided second quarter guidance that also topped expectations.
- EchoStar (SATS) shares drop as much as 5.1% after the Wall Street Journal reported that Alphabet Inc.’s Google is in talks with SpaceX for a rocket launch deal, citing people familiar with the discussions.
- Under Armour (UAA) sank after its guidance for this year missed Wall Street projections, weighed down by exiting a partnership with NBA star Stephen Curry and a financial hit from the conflict in the Middle East. The guidance shows that Under Armour’s turnaround is still a work in progress. On top of persistent sales declines, the company has been navigating the impact of tariffs and the split from Curry. The company has been working to restructure its business to reduce discounts and slim the product selection.

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