Herbalife (HLF) Pushes to Highs as Icahn Looks to Trigger Ackman Short Squeeze

September 14, 2016 10:27 AM EDT

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Herbalife (NYSE: HLF) is pushing to the highs of the session, which follows comments from Carl Icahn at CNBC's Delivering Alpha conference yesterday that he has sought FTC approval to raise his stake to 50%. In addition, Icahn said the company would made a great 'take private' candidate.

It is clear, Carl Icahn is looking to create a Bill Ackman short squeeze.

Shares of HLF are up 4.6% to $62.64.

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