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Stock Market & Financial Investment News

News Breaks
July 31, 2013
11:33 EDTHLFHerbalife spikes briefly to new 52-week high on Soros stake
The shares hit a new 52-week high at $66.26 after CNBC reported Soros had taken a large stake in the company. Resistance above that high is at $66.45. The stock has faded from that spike high, last at $64.24. Support below this level is at $61.92.
News For HLF From The Last 14 Days
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August 13, 2014
14:04 EDTHLFAckman will continue Herbalife short position as needed, Bloomberg reports
Bill Ackman's hedge-fund Pershing Square said most of the Herbalife contracts it holds will expire next year and that it will extend their terms by "paying additional premiums if it is necessary to do so," according to Bloomberg, citing Ackman's quarterly letter to investors. In the letter, Ackman said that the cost of holding a short position in options of Herbalife has dropped "substantially" after the company canceled its dividend, the report noted. Reference Link
11:21 EDTHLFAckman says Herbalife may be unable to refinance 2016 credit, Bloomberg reports
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August 8, 2014
16:46 EDTHLFCapital Research reports 10.1% passive stake in Herbalife
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