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News Breaks | | | | January 9, 2013 | | 10:22 EDT |  | HLF | Herbalife 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 Point’s 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. | |
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News For HLF From The Last 14 Days Check below for free stories on HLF the last two weeks. |
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| June 18, 2013 | | 13:33 EDT | | HLF | Pershing Square: Herbalife's new survey, statements raise questions of legality
 Subscribe for More Information | | | June 13, 2013 | | 10:36 EDT |  | HLF | Herbalife remains a single Best Idea for 2013 at DA Davidson
The firm expects Herbalife to fund significant share repurchases through a note issuance once the audit is complete. Shares are Buy rated and a 2013 Best Idea. | | | 06:16 EDT |  | HLF | Congresswoman asks FTC to investigate Herbalife, NY Post reports
California congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate Herbalife over allegations the company is a pyramid scheme, New York Post reports, citing a letter it obtained. Reference Link | | | June 12, 2013 | | 06:34 EDT | | HLF | Herbalife says survey indicates 7.9M customers in U.S.
Herbalife last night released the results of a study conducted to determine the penetration of Herbalife distributors and end users in the U.S. Herbalife engaged Nielsen, to conduct the research. Conducted online during April and May, the survey was completed without intervention from Herbalife and the company’s sponsorship was not disclosed, it added. With a sample size of 10,525 consumers, the survey had a margin of error of +/- 0.96%. According to the research, 3.3% of the general population reported that they had purchased Herbalife products within the past three months, indicating that Herbalife currently has approximately 7.9M customers when projected to the total U.S. adult population. Herbalife customers would include their distributor network, which totaled approximately 550,000 in the U.S. as of the end of Q1. "“This survey, conducted by one of the world’s most respected research organizations, confirms what we at Herbalife already know to be true: that Herbalife’s products have a broad consumer base here in the U.S. – nearly 8 million in the last three months – and that the majority of individuals that purchase Herbalife products do so for personal consumption," the company said. | | | 06:33 EDT |  | HLF | Herbalife volatility at low end of nine-month range
Subscribe for More Information | | | June 5, 2013 | | 05:55 EDT | | HLF | Stocks with implied volatility movement; CRM HLF
Stocks with implied volatility movement; Salesforce.com (CRM), Herbalife (HLF) according to IVolatility. | |
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