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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:22 EDTHLFHerbalife climbs after Loeb's Third Point reports large stake
Nutritional supplement retailer Herbalife (HLF) is rising after hedge fund Third Point reported in a regulatory filing that it had obtained an 8.24% stake in the controversial company. Daniel Loeb manages Third Point, which filed its stake in Herbalife as passive, meaning the hedge fund does not intend to pressure the company's management to take certain actions at this time. Third Pointís stake in Herbalife puts it in direct opposition with Bill Ackman of Pershing Square, who has a large short position in the company, and has called Herbalife a pyramid scheme which is poised to collapse. In mid-morning trading, Herbalife gained $1.71, or 4.46%, to $40.06.
News For HLF From The Last 14 Days
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August 27, 2015
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
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August 25, 2015
08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
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