Herbalife (HLF) Sees Signs of Life After Einhorn Barrage
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After getting clobbered for three straight sessions after hedge fund honcho David Einhorn questioned the company's model, Herbalife Ltd. (NYSE: HLF) is seeing a nice bounce Friday.
Shares last traded at $48.77, up 5.6%. The stock is still down 31% since the Einhorn-induced sell-off.
Before today, the sell-side has continuously defended the stock to no avail. The company has also been out in its own defense, saying shares are undervalued and also announced a new share buyback plan.
Shares last traded at $48.77, up 5.6%. The stock is still down 31% since the Einhorn-induced sell-off.
Before today, the sell-side has continuously defended the stock to no avail. The company has also been out in its own defense, saying shares are undervalued and also announced a new share buyback plan.
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