The Cayman Islands-based Herbalife Ltd (NYSE:HLF) moved up to record high level in over 7 months after the stock shorted by hedge fund manager Bill Ackman.
Shares of the company hiked 12% to settle at $32.94 in New York and marked the major boost since May 16. Shares of Herbalife plunged 38% in the week finished Dec 21.
Ackman reported earlier this month that a year of research convinced him Herbalife is a pyramid scheme.
Ackman, chief of New York hedge fund Pershing Square Capital Management LP, further reported that the company misrepresents sales figures, misleads distributors regarding potential earnings and sells a commodity product at inflated prices.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Nu Skin Enterprises, Inc. (NYSE:NUS) rose +4.84% to settle at $37.05, USANA Health Sciences, Inc. (NYSE:USNA) moved up +4.21% to end at $32.93 while Nature’s Sunshine Prod. (NASDAQ:NATR) jumped +3.43% to finish at $14.48 on Monday.
Herbalife Ltd. (NYSE:HLF) on Dec 31, 2012 increased +12.08% to the closing price of $32.94. The overall volume in the last trading session was 16.35 million shares. Its fifty two weeks range was $24.24 – $73.00. The total market capitalization remained at $3.56 billion.
HLF is ahead of its 52-week low with 35.89% and lagging behind from its 52-week high price with -54.02%. HLF’s last month’s stock price volatility remained 6.80%. In its share capital HLF has 108.00 million outstanding shares, among them 106.66 million shares have been floated in market exchange. HLF’s stock’s institutional ownership remained 95.56% while insider ownership included 1.57%.
The stock price of HLF is moving down from its 20 days moving average with -17.59% and remote negatively from 50 days moving average with -26.90%. HLF’s current year’s earnings per share experienced an addition with 39.71% while its current quarter performance remained at -29.46%. Company’s beta coefficient included 1.71. Beta factors measure the amount of market risk associated with market trade.
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