When Hedge Funds Attack: Herbalife (HLF) Shares Plunge as Einhorn Grills Exec on Conference Call
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Price: $8.88 -3.48%
Revenue Growth %: -3.1%
Financial Fact:
NET INCOME: 87.7M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: -3.1%
Financial Fact:
NET INCOME: 87.7M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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The very sharp drop in Herbalife (NYSE: HLF) shares is being attributed to questions about disclosures from short-seller David Einhorn on the company's conference call. On trader described Einhorn as "grilling" a Herbalife exec. Stay tuned for more details.
After plunging as much as 21 percent to an intraday low at $55.55, Herbalife shares are now trading around $59.62, down about 15 percent from Monday's close.
After plunging as much as 21 percent to an intraday low at $55.55, Herbalife shares are now trading around $59.62, down about 15 percent from Monday's close.
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