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Stock Market & Financial Investment News

News Breaks
February 15, 2013
13:11 EDTNUS, HLF Nu Skin advances after Icahn reports stake in Herbalife
Multi-level marketer Nu Skin (NUS) is climbing after Carl Icahn reported last night that he had obtained a 13% stake in Herbalife (HLF), which is also a multi-level marketer. The target of a massive short selling campaign during the last several months by billionaire investor Bill Ackman, Herbalife sells nutritional supplements. Ackman has said that Herbalife is a Ponzi scheme that will ultimately fail. Meanwhile, Icahn stated in an SEC filing yesterday and on CNBC earlier today that Herbalife is undervalued. Icahn also contends Herbalife should examine the possibility of taking the company private. Neither Herbalife nor Nu Skin has been confirmed to be targeted by regulators recently, but the FTC on January 28 sued Kentucky based Fortune Hi-Tech for allegedly operating a pyramid scheme. Fortune Hi-Tech has been placed in receivership. In mid-afternoon trading, Nu Skin rose 1.5% to $42.55, while Herbalife was up 7.5% to $41.14.
News For NUS;HLF From The Last 14 Days
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August 18, 2014
09:54 EDTNUSNu Skin mentioned cautiously by Bronte Capital
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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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06:39 EDTNUSNu Skin volatility flat as shares near15-month low
Nu Skin August call option implied volatility is at 45, September and December is at 44; compared to its 26-week average of 47 according to Track Data, suggesting decreasing price movement.
August 8, 2014
16:46 EDTHLFCapital Research reports 10.1% passive stake in Herbalife
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August 7, 2014
10:00 EDTNUSOn The Fly: Analyst Downgrade Summary
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06:08 EDTNUSNu Skin orice target lowered to $70 from $110 at Deutsche Bank
Deutsche Bank lowered its price target for Nu Skin shares to $70 saying the regulatory overhang "continue to wreak havoc on the company’s important China business." The firm, however, says comparisons ease next year and that inventory can be worked down or written off. Deutsche keeps a Buy rating on Nu Skin following yesterday's Q2 results. Note the stock was downgraded this morning at JPMorgan to Neutral.
05:48 EDTNUSNu Skin downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Nu Skin to Neutral saying the underlying business is weaker than it expected with little visibility following the company's Q2 results. The firm cut its price target for shares in half to $50 from $100. Nu Skin closed yesterday down $11.40 to $46.52 after reporting Q2 results.

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