ArticleRelated Articles (6) Stock Quotes (1) Comments (0)
FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top NewsMost Read Highlighted
Get AlertsHLF Hot Sheet
BUY ( Down)
Herbalife (NYSE: HLF) is moving higher once again today following much-publicized remarks from Pershing Square’s Bill Ackman in December and disclosure of a large 8.2 percent stake by Ackman peer Dan Loeb of Third Point last week.
Today’s move might be attributed to a Seeking Alpha article over the weekend. The author highlights several ways Herbalife is poised for upside, though none of which are tied to distributors or revenue. Most of the article touches on some technical aspects, like implied volatility versus short interest.
Notably, short interest is up from last check, with total shares held short at 35.08 percent of float at the end of December, a gain of 42.3 percent.
Shares have closed higher for all but three of the last 12 sessions, officially canceling out the drop following Ackman’s comments. Anything above $45 might be interesting to watch, as that was the previous support level on the stock.
Shares are up 7.2 percent Monday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW