Herbalife Ltd (NYSE:HLF) stock surged 22 percent in premarket trading session after activist investor Carl Icahn unveiled on late Thursday a 12.98% interest in Herbalife.
Carl Icahn reported that he plans to talk about the strategic alternatives with the nutritional-supplement firm, which was thrown in the spotlight when hedge-fund manager William Ackman publicly queried its business model and charged it of being a pyramid scheme.
Herbalife Ltd (NYSE:HLF) shares in the current session moved up +12.05% reaching at $42.88. The stock traded in a range of $42.56 – $44.93. In the last year the stock has moved within a range of $24.24 – $73.00. The current session’s volume of 6.11 million shares is lower from their average daily trading volume of 11.17 million shares.
Weight Watchers International, Inc (NYSE:WTW) announced fiscal Q4 adjusted earnings of $0.96 per share, evaluated against $0.86 per share previous year.
The median forecast was for earnings of $0.87 per share. EPS is forecasted to be between $3.50 and $4.00 for full fiscal year 2013. Shares of Weight Watchers fell to a 6-month low level on Thursday.
Another rival company Manitowoc Company, Inc (NYSE:MTW) trading up +1.43% to $19.82. Intraday trading recorded the stock price in a range of $19.55 to $19.88. In the previous 52 weeks the stock’s price ranged between $9.60 and $19.90. The current session’s volume of 332,203.00 shares was lower from their average daily trading volume of 3.06 million shares.
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