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Herbalife Beating Wall Street Odds In 2nd Quarter

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USA Today reports: Shares of Herbalife shot up more than 7% in late trading Wednesday after the energy drink company posted better-than-expected financial results for the second quarter.
Herbalife, which has been waging an ugly battle with billionaire Bill Ackman over the legitimacy of its business, posted profits of $1.24 a share on $1.16 billion in sales.
Sales were down 11% from a year earlier due to “unfavorable” currency exchange rates in certain markets, the company said. Still, Herbalife shares shot up close to 8% in after-hours trading because Wall Street analysts had expected the company to post earnings of $1.11 a share on revenue of $1.14 billion.
Ackman, founder of hedge fund Pershing Square Capital Management, placed a $1 billion bet on the stock’s decline in 2012 on the theory that Herbalife is a pyramid scheme — an allegation the company denies.
Ackman shorted the stock at around $47 a share and came close to

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Herbalife’s Biggest Individual Shareholder Has Added To His Position

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Myles Udland at BusinessInsider.com Reports:
Post Holdings executive chairman Bill Stiritz has added to his stake in Herbalife.
Stiritz, who is Herbalife’s biggest individual shareholder, has added to his 8.2% position in Herbalife during the stock’s recent pullback, according to a report from CNBC’s Scott Wapner.
Wapner, citing sources, also reported that Stiritz had not sold a share of his stake in the company.
Earlier this month, Business Insider’s Julia La Roche reported that Stiritz had most likely suffered paper losses upward of $200 million on his position in the multilevel marketing company, which fell about 50% during 2014. 
Stiritz is on the same side of the Herbalife trade as noted activist investor Carl Icahn, who is the company’s largest shareholder. Hedge fund manager Bill Ackman is well known for being short shares of Herbalife, and in a December 2012 presentation, Ackman called the company a pyramid scheme. 
The FTC opened an investigation into Herbalife in March. 
In September 2013, when Stiritz first initiated his position in Herbalife, the stock was trading just below $60 per share. On Friday, shares of Herbalife were just below $32. 
Following Wapner’s report, shares of Herbalife, which had been lower Friday, were up as much as 3%.
 

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Herbalife Hits new 52 Week Low

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Herbalife (NYSE:HLF)’s share price reached a new 52-week low during mid-day trading on Monday , Analyst Ratings News reports. The stock traded as low as $35.10 and last traded at $35.12, with a volume of 908,464 shares trading hands. The stock had previously closed at $37.58.
HLF has been the subject of a number of recent research reports. Analysts at Buckingham Research downgraded shares of Herbalife from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Barclays cut their price target on shares of Herbalife from $80.00 to $74.00 in a research note on Friday, November 21st. They now have an “overweight” rating on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Herbalife in a research note on Wednesday, November 19th.
They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Herbalife has an average rating of “Hold” and an average price target of $64.30.
The stock’s 50-day moving average is $39.7 and its 200-day moving average is $49.23. The company has a market

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