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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
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November 25, 2015
12:01 EDTHLFHerbalife says 'obviously pleased' with dismissal of Abdul Awad lawsuit
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10:45 EDTHLFJudge dismisses shareholder suit against Herbalife for third time, Reuters says
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09:44 EDTHLFHerbalife wins third dismissal of suit over business practices, Reuters reports
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November 17, 2015
16:42 EDTHLFJustice Department announces criminal charges against supplement maker USPlabs
The U.S. Department of Justice, along with partners at the Food and Drug Administration, Federal Trade Commission, Postal Inspection Service, and Internal Revenue Service, announced a "nationwide sweep" targeting more than 100 makers and marketers of dietary supplements. The agencies noted, "The actions discussed today resulted from a year-long effort, beginning in November 2014, to focus enforcement resources in an area of the dietary supplement market that is causing increasing concern among health officials nationwide. In each case, the department or one of its federal partners allege the sale of supplements that contain ingredients other than those listed on the product label or the sale of products that make health or disease treatment claims that are unsupported by adequate scientific evidence." Among the cases announced Tuesday is a criminal case charging USPlabs and several of its corporate officers with various counts associated with the unlawful sale of dietary supplements, obstruction of an FDA proceeding, and conspiracy to commit money laundering. The Department also filed in the past week five civil cases seeking injunctive relief against a number of businesses and individuals that allegedly sold supplements as disease cures or that were otherwise in violation of the law. The cases involve various entities, including Vibrant Life, Viruxo, Optimum Health, Bethel Nutritional, VivaCeuticals, and Regeneca, said the agency. Note that shares of GNC (GNC), Herbalife (HLF), Vitamin Shoppe (VSI), and Natural Health (NHTC) all slipped Tuesday following early reports of criminal charges in the dietary supplement space. Reference Link
15:10 EDTHLFDOJ files indictment against USPLabs over Supplements, FDA Law Blog says
Shares of GNC Holdings (GNC), Vitamin Shoppe (VSI), and Herbalife (HLF) were all weak this afternoon on concerns that they would be the target of the FDA's action. Reference Link
13:09 EDTHLFHerbalife says not aware of being named in DOJ supplement action, Bloomberg says
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12:35 EDTHLFHerbalife puts active on headlines of DOJ briefing on supplement actions
Herbalife November 47 and 50 puts are active on total put volume of 9,800 contracts (2,400 calls) following Bloomberg headlines of DOJ briefing on supplement actions. November put option implied volatility is at 113, December is at 55; compared to its 52-week range of 34 to 126. Active put volume suggests traders taking positions for wide price movement.
12:28 EDTHLFGNC, Vitamin Shoppe, Herbalife at lows following DOJ supplement advisory
The Department of Justice said in a media advisory that it plans to announce at 3:30 pm today its actions related to dietary supplements sales and unlawful ads. Following the press advisory, shares of GNC Holdings (GNC), Vitamin Shoppe (VSI) and Herbalife (HLF) are at session lows, though none of the companies were named in the advisory.
07:52 EDTWTWMorgan Stanley to hold a conference
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November 16, 2015
17:10 EDTHLFSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
05:37 EDTWTWStocks with implied volatility below IV index mean; MW WTW
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