New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 26, 2012
10:13 EDTHLF, NTRI, MED, WTWMedifast tumbles after acting CFO resigns
Shares of Medifast (MED), which distributes and sells health and diet products, are retreating after the company announced that its acting CFO Edward Powers had resigned, effective no later than January 4. Powers became acting CFO on November 13 and is also the company's principal accounting officer. Medifast competes with Herbalife (HLF), which has come under fire recently from billionaire fund manager Bill Ackman. According to Ackman, Herbalife is operating a pyramid scheme that will eventually collapse. Ackman is shorting Herbalife's stock. Other companies that compete with Medifast are Weight Watchers (WTW) and NutriSystem (NTRI). In early trading, Medifast slumped $3.47, or 11.82%, to $25.89, while Herbalife advanced $1.08, or 4.14%, to $27.14 after the Wall Street Journal reported earlier that it has hired a law firm to help it fight back against Ackman.
News For MED;HLF;WTW;NTRI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 27, 2015
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
Subscribe for More Information
August 25, 2015
08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use