Multi-level marketing company Herbalife Ltd. (NYSE:HLF) is experiencing a severe amount of turbulence this morning. The company’s shares were down more than 3% on this morning’s market, trading below $60. The firm’s shares managed to stay above that figure for all of August. At time of writing shares in the company were selling for $59.19. Today’s fall in value appears to be related to a Wall Street Journal article published last Friday that once again brought focus to the respected academic that Bill Ackman is using to back many of his arguments about the company. Herbalife Ltd (NYSE:HLF) shares were…
Herbalife Drops After Wall Street Journal Piece
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.