Just when we thought Herbalife Ltd. (NYSE:HLF)’s channel of non-stop drama was taking a break, it came back with a bang. With as much controversy as possible, KPMG resigned as Herbalife’s auditor today based on an insider trading scandal. Read more about this here and here. Herbalife fell to as low as $36.26 today, the declining price was accelerated when D.A. Davidson & Co downgraded Herbalife Ltd. (NYSE:HLF). The stock rating of the nutritional supplements company was slashed to Neutral from Buy and the price target was cut by more than 50 percent, from $78 to $38. Since Herbalife, for now, has…
On This Page
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
