Herbalife Stock Recovers As Company Denies FTC Probe

Herbalife Ltd. (NYSE:HLF) was said to be the subject of a Federal Trade Commission probe, according to an article in the New York Post this morning. The company has been quick to react, putting out a press release denying knowledge of any such probe, and demanding a retraction from the newspaper. The company’s share price recovered throughout the day, after opening at $31.59, its lowest level since last December. Today’s trading exemplifies the anxiety surrounding the company’s precarious position, and demonstrates the lack of belief in the company, even among those betting long on the stock. Herbalife Ltd. (NYSE:HLF) has been…