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December 27, 2013
10:44 EDTHLF, NUSAnalyst says Herbalife's weight loss sales momentum resilient
Sales of Herbalife's (HLF) weight management product have not been affected by the launch of a competing product from Nu Skin (NUS), research firm Wedbush stated. WHAT'S NEW: After speaking with senior Herbalife distributors, Wedbush analyst Rommel Dionisio wrote that the launch of a new weight loss product by Nu Skin (NUS) has not meaningfully affected sales of Herbalife's Formula 1 weight loss shakes. Among the reasons Dionisio cited for Herbalife's resilience are the lower price of its Formula 1 shakes, the attractiveness of its daily consumption business model, and the strong loyalty that distributors have towards the company. The analyst increased his 2014 estimates for Herbalife based on the positive feedback he received from its distributors. Citing what he sees as Herbalife's strong business momentum and his increased confidence in it following the positive results of its recent audit, Dionisio increased his price target on the stock to $90 from $81. He kept an Outperform rating on the shares. PRICE ACTION: In mid-morning trading, Herbalife rose 56c or 0.7%, to $79.35.
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April 17, 2014
15:36 EDTHLFHerbalife issues statement in response to Illinois AG investigation
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13:50 EDTHLFIllinois AG opens investigation into Herbalife, CNBC reports
The Attorney General of Illinois has opened an investigation into Herbalife and has been in contact with the company, CNBC reports, citing sources. Shares of Herbalife dropped following the report, but remain up 30c to $55.57 in afternoon trading.
13:47 EDTHLFIllinois Attorney General investigating Herbalife, CNBC reports
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April 16, 2014
11:10 EDTHLFOptions with increasing implied volatility: YOKU HLF WYNN UA
April 15, 2014
14:44 EDTHLFFederal probe of Herbalife doesn't look headed for criminal case, NYT says
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10:17 EDTHLFHerbalife falls after NY Attorney General Schneiderman opens investigation
Shares are down over 3.7% to $51.68 after NY Attorney General Schneiderman started an investigation into claims that the company is a pyramid scheme. At current price, next support is at $51.19 and then at $49.35, both of which are recent pivot lows. Resistance is at $52.72.
05:55 EDTHLFHerbalife under investigation by NY AG Schneiderman, NY Post reports
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April 14, 2014
11:54 EDTHLFStocks with call strike movement; TNA HLF
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09:42 EDTHLFHerbalife spikes higher on low volume, levels to watch
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05:51 EDTHLFStocks with implied volatility movement; HLF CSCO
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April 11, 2014
16:39 EDTHLFFBI investigating Herbalife, no evidence of criminal activity, CNBC says
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16:21 EDTHLFOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages struggle for direction early before sellers gained control and pushed stocks lower through the second half of the session. With today's losses, the averages each finished the week with losses greater than 2%, with the tech-heavy Nasdaq losing 3% to close below 4,000 for the first time since early February. ECONOMIC EVENTS: In the U.S., the Producer Price Index jumped 0.5% in March, versus expectations for it to be up 0.1%. The University of Michigan consumer sentiment reading jumped to 82.6 in the preliminary April look, which was better than forecast and its highest reading since July. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) kicked off earnings season for the major banks, with their quarterly results, and stocks, moving in opposite directions following the news. Dow member JPMorgan fell $2.10, or 3.66%, to $55.30 after its earnings per share and revenue significantly trailed consensus estimates. Shares of Wells gained 37c, or 0.78%, to $48.08 after the bank's profits beat the consensus forecast. MAJOR MOVERS: Among the notable gainers was BofI Holding (BOFI), up $6.02, or 8.09%, to $80.46 near midday after the company last night announced a deal to acquire H&R Block's (HRB) bank assets. H&R Block shares fell 78c, or 2.74%, to $27.64. Also higher was Zygo (ZIGO), up $4.75, or 32.36%, to $19.43 after the company agreed to be acquired by Ametek (AME) for $19.25 per share in cash in a deal that represents an aggregate enterprise value of $280M for Zygo. Among the noteworthy losers was Herbalife (HLF), down $8.36, or 13.97%, to $51.48 after a report late in the session from the Financial Times said the company is facing a criminal investigation from the U.S. Department of Justice and FBI regarding its business practices. Also lower was NQ Mobile (NQ), a recent target of noted short-seller Carson Block, down $3.29, or 20.58%, to $12.70 after its profit missed expectations and the company disclosed that it found accounting errors in its recent reports. INDEXES: The Dow was down 143.47, or 0.89%, to 16,026.75; the S&P 500 was down 17.39, or 0.95%, to 1,815.69; the Nasdaq was down 54.37, or 1.34%, to 3,999.73.
16:15 EDTHLFHerbalife says no knowledge of ongoing investigation by DoJ or FBI
Herbalife issued the following statement in response to media reports and rumors in the marketplace: "We have no knowledge of any ongoing investigation by the DoJ or the FBI, and we have not received any formal nor informal request for information from either agency. We take our public disclosure obligations very seriously. Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments."
16:07 EDTHLFHerbalife plunges on report of DOJ and FBI criminal probe
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15:54 EDTNUS, HLFNu Skin puts active after FT reports Herbalife facing criminal investigation
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15:47 EDTHLFHerbalife puts active on criminal probe launched, FT says
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15:45 EDTHLF, NUSUsana, Nu Skin on lows after FT reports Herbalife facing criminal investigation
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15:39 EDTHLFU.S. DoJ, FBI launch criminal probe into Herbalife, FT says
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15:38 EDTHLFCriminal probe launched into Herbalife, FT says
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15:08 EDTHLFHerbalife bracing for 20/20 report on business practices, Gasparino says
On Twitter, Charlie Gasparino said, "FBN NEWS: $HLF bracing for news magazine @ABC2020 expose on company's business practices worried abt a new whistle blower." Reference Link
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