Einhorn 'Not Saying Anything' on Herbalife (HLF); Shares Slightly Lower
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Shares of Herbalife (NYSE: HLF) are indicated for a lower open Tuesday morning. While we are not hearing any news on the company, investors may have positioned themselves ahead of a David Einhorn interview on CNBC.
The stock plunged from around $70 to under $50 at the beginning of May after Einhorn questioned the company's business model on its first-quarter conference call.
This morning, when asked about Herbalife, Einhorn said he "is not saying anything." Whatever that means.
Herbalife shares were down more than 5 percent ahead of the interview, however, given the neutrality of Einhorn's comments, the stock is now down just 0.6 percent to $50.32.
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The stock plunged from around $70 to under $50 at the beginning of May after Einhorn questioned the company's business model on its first-quarter conference call.
This morning, when asked about Herbalife, Einhorn said he "is not saying anything." Whatever that means.
Herbalife shares were down more than 5 percent ahead of the interview, however, given the neutrality of Einhorn's comments, the stock is now down just 0.6 percent to $50.32.
To track everything Einhorn-related, check out our David Einhorn entity.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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