Herbalife (HLF) Jumps Ahead of Tonight's Report; Rumors of Large Buyback Drives Action
Herbalife (NYSE: HLF) is running higher again and according to a tweet from Zerohedge there is a rumor that the company will announce a 30% stock buyback. The company reports earnings tonight and the expanding buyback announcement could come with the report. An expanded, and accelerated buyback would further contribute to a Bill Ackman short squeeze. Shares are up 3.1%.