Why Are Herbalife Ltd. (HLF) Shares Gaining Momentum?
From Insider Monkey - Free Hedge Fund and Insider Trading Data
January 8, 2013 - 6:14pm
Herbalife Ltd. (NYSE:HLF) has fallen close to 10% in value since December 19th, when reports first surfaced that Bill Ackman, manager of Pershing Square Capital, was shorting the stock, believing its business to be a pyramid scheme. On the accusations, Herbalife’s CEO Michael Johnson had called it “blatant market manipulation” (see Herbalife CEO Wants SEC [...]
Continue reading this article »
Share This Article: