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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 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.
News For HLF From The Last 14 Days
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April 23, 2015
11:08 EDTHLFHerbalife confirms to Bloomberg 2% price increase in U.S.
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07:41 EDTHLFHerbalife price target raised to $50 from $42 at Canaccord
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April 15, 2015
08:02 EDTHLFHerbalife members to meet with members of Congress
Today, 19 independent members from global nutrition company, Herbalife will be in Washington, D.C. to educate their congressional representatives about Herbalife and how their lives have been improved since becoming involved with Herbalife. The members are visiting Washington, D.C. from California, Illinois, Louisiana, North Carolina, Maryland, South Dakota, and Tennessee. The members are in DC to talk about Herbalife’s science-based nutrition products and the benefits they’ve received from using the products. Additionally, the members will speak with congressional offices about the income-generating opportunities that are available to Herbalife members through hard work and continued dedication.
April 13, 2015
19:45 EDTHLFHerbalife says there is 'no truth to Bill Ackman's statements'
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08:01 EDTHLFHerbalife names Czech gastroenterologist to Nutrition Advisory Board
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