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Under Armor (UA) CEO Kevin Plank Says Olympics is Boosting Global Profit

NEW YORK (TheStreet) -- Under Armour (UA) CEO Kevin Plank appeared on CNBC's "Power Lunch" on Monday to discuss the impact the Olympics has had on Under Armour stock.

Under Armour stock is up more than 9% since the start of the Olympics on August 5, while official Olympic sponsor Nike (NKE) is only up 4% for the same period.

"The Olympics is supposed to be Nike's big event, but Under Armour is trying to crash the profile with some high profile athletes," CNBC's Tyler Mathisen commented.