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Stock Market & Financial Investment News

News Breaks
March 17, 2014
06:19 EDTHLF, NUSNu Skin 'still passes the smell test,' says Deutsche Bank
Deutsche Bank notes Nu Skin (NUS) shares are being affected by the FTC investigation into Herbalife (HLF). The firm says Nu Skin "still passes the smell test" and it reminds investors that the company has a consent decree with the FTC from the 1990s where it agreed to follow rules on product efficacy and earnings opportunity claims. Deutsche says Nu Skin has closely worked with the agency over the last several years as well. The firm maintains a Buy rating on the stock with a $110 price target.
News For NUS;HLF From The Last 14 Days
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March 24, 2015
07:07 EDTHLFHerbalife plans PR campaign to hit back at Ackman, CNBC reports
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March 23, 2015
11:26 EDTHLFHerbalife rallies, retraces, levels to watch
The shares hit an intraday high at $48.55 and have since turned lower. At the last price of $46.04, support is at $45.11 and then at $44.11, a prior pivot high. Resistance is at $46.24.
10:53 EDTHLFHerbalife continues recent strength with 10% jump
Shares of multi-level marketing company Herbalife (HLF) were up about 10% in morning trading after being up as much as 15% to $48.55 earlier this morning. On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. On March 20, Pershing Square, which noted that Bill Ackman and the firm were not parties to the Awad case decided the prior week, said the court’s decision "did not address in any way whether Herbalife is an illegal pyramid scheme, nor did the Court exonerate or bless Herbalife’s business practices." Since March 16, Herbalife shares are up about 29%.
10:14 EDTHLFHerbalife volatility elevated on sharp rally
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March 20, 2015
15:45 EDTHLFHerbalife breaks above top of recent range, levels to watch
Shares have broken out of the top of the recent trading range at $40. This is bullish price behavior. At the current price of $40.79 next resistance is at $42. Support is at $40. It would be bearish for price if the stock resumes trading below the $40 area.
15:38 EDTHLFHerbalife volatility stays elevated on sharp rally
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13:50 EDTHLFPershing Square corrects inaccurate press reports regarding Herbalife
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March 19, 2015
11:02 EDTHLFOptions with increasing implied volatility
Options with increasing implied volatility: HLF RAD NFLX HLSS NOW
March 18, 2015
13:49 EDTHLFHerbalife says 'confident in strong fundamentals of business model'
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09:23 EDTHLFOn The Fly: Pre-market Movers
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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06:25 EDTNUSCiti calls Nu Skin its 'pot of gold on St. Patrick’s Day'
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March 17, 2015
19:42 EDTHLFOn The Fly: After Hours Movers
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18:27 EDTHLFHerbalife up over 5% following favorable court ruling in 'pyramid scheme' suit
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18:07 EDTHLFHerbalife wins dismissal of 'pyramid scheme' lawsuit, Bloomberg says
10:26 EDTHLFOptions with increasing implied volatility
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March 16, 2015
17:08 EDTNUSNu Skin gets direct selling authorization for additional city in mainland China
Nu Skin Enterprises announced it has received approval from China's Ministry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province. Nu Skin is now licensed in 30 cities in 19 provinces and municipalities. The licensing process included a review of the company's operations. According to the Shaoxing City government, the city's population was more than 6M in 2013.
05:50 EDTHLFStocks with implied volatility movement; FIG HLF
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