Shares of Herbalife have fallen more than 35 percent this year. Tim Ramey, Pivotal Research analyst, explains his $110 price target on the stock.» Read More
BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Fortress Investment Group rose 8.7 percent to $6.93. Waters Corp. rose 8.6 percent to $105.92.
In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC "intentionally and strategically" singled him out by pursuing an administrative proceeding to force a settlement, rather than sue him in federal court. In a Sept. 30 complaint, the SEC alleged that Peixoto made $47,100 in December 2012 by trading illegally in Herbalife put options, after...
NEW YORK, Oct 20- A Toronto man accused by the U.S. Securities and Exchange Commission of insider trading related to Herbalife Ltd on Monday sued the federal regulator agency to stop it from pursuing its case. In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC's administrative proceeding against him deprives him of protections he would...
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Cliffs Natural Resources Inc. rose 18.7 percent to $9.79. Pretium Resources Inc. rose 10.2 percent to $5.84.
Oct 7- Shares of Herbalife Ltd tumbled 3.4 percent on Tuesday after a news report that the U.S. Federal Trade Commission could move against the nutritional products maker, although there was no sign regulatory action was imminent. The commission started an inquiry into Herbalife's operations in March after activist investor William Ackman called for...
BOSTON, Oct 6- Sahm Adrangi, who runs small hedge fund Kerrisdale Capital, told Wall Street on Monday he believes satellite communications company Globalstar Inc's business is worthless, sending its stock tumbling roughly 25 percent. Renting out the same mid-town Manhattan auditorium where prominent activist investor William Ackman has unveiled some of...
The former Pershing Square analyst who told his roommate about Bill Ackman's big Herbalife short early is not who you think.
WASHINGTON, Sept 30- U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd based on a view the company was merely a "pyramid scheme."
The SEC accuses two men of insider trading ahead of Bill Ackman's announcement that his Pershing Square fund had taken a short position on Herbalife.
CNBC's Scott Wapner reports the SEC has charged two men with insider trading in Herbalife shares. One of the charged men was the roommate of a former Pershing Square analyst.
Kyle Bass, Hayman Capital Management principal, defends his support of Herbalife. I believe it's a real business and I'd bet on Dan Loeb over Bill Ackman any day, says Bass.
Some of Tuesday's midday movers:
Take a look at which companies are making headlines after the bell Monday:
As CEO of his own soon-to-be public company, Bill Ackman will use a dual share-class structure that has been considered unfriendly to investors.
Bill Ackman has announced plans to float a fund on the Amsterdam Stock Exchange, with the hope of raising at least $5 billion.
NEW YORK, Sept 11- U.S. stocks fell on Thursday, dropping in a broad decline that saw the number of companies hitting 52- week lows outnumber the companies hitting highs for the first time since early August.
By Jeffrey Dastin and Daina Beth Solomon. Sept 5- New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor.
Investing with top performing managers after a great run is probably a bad idea, according to a new study of long-term hedge fund performance.
CNBC's Scott Wapner says some big activity in the options market today around Herbalife has some traders wondering whether Bill Ackman is "pressing his short," and upping his bearish view of that company again.