Herbalife (HLF) Hires New Auditor to Ackman's Chagrin
Tweet
Share
E-mailGet Alerts HLF Hot Sheet
Join SI Premium – FREE
Just how much squeeze can be left in Herbalife (NYSE: HLF)?
After making pubic he was short $1 billion of Herbalife stock last December, Bill Ackman, of Pershing Square, must be feeling a little pinch by now. The trader has seen shares of Herbalife gain well over 40 percent before news really hit the shares.
At the $50 to $51 range, Herbalife still isn't at a 52-week high realized in the middle of last year, but Ackman can't be sleeping well at night right about now.
Someone who can't smile enough is activist investor Carl Icahn, who recently reported holding a near-16 percent stake in the company.
After announcing a new auditor, Herbalife is up about 2 percent on the session.
After making pubic he was short $1 billion of Herbalife stock last December, Bill Ackman, of Pershing Square, must be feeling a little pinch by now. The trader has seen shares of Herbalife gain well over 40 percent before news really hit the shares.
At the $50 to $51 range, Herbalife still isn't at a 52-week high realized in the middle of last year, but Ackman can't be sleeping well at night right about now.
Someone who can't smile enough is activist investor Carl Icahn, who recently reported holding a near-16 percent stake in the company.
After announcing a new auditor, Herbalife is up about 2 percent on the session.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ackman adds Netflix, Visa and Mastercard in portfolio revamp
- Herbalife to Present and Host 1x1 Investor Meetings at Midwest IDEAS Investor Conference on August 26
- Herbalife Nutrition (HLF) Misses Q2 EPS by 12c; offers outlook
Create E-mail Alert Related Categories
Hedge Funds, Insiders' BlogRelated Entities
Carl Icahn, William Ackman, Pershing Square CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
