Herbalife Is Surging
Advertisement
Shares in Herbalife were up as much as 10%, as Pershing Square's Bill Ackman delivers what he said yesterday was the most important presentation of his career on the nutritional supplement company.
Advertisement
Appearing on CNBC Monday afternoon, Ackman reiterated his assertion that the Grand Cayman-based firm's business model doesn't add up, and that its shares were going to zero.
Shares fell $6 yesterday.
Herbalife has gained 33% since December 2012 when Ackman published a 334-page document he said showed the company was a fraud.
Advertisement
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market