Pershing Square Capital Management clients aren't very concerned about Herbalife's big gain yesterday.» Read More
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. BancorpSouth Inc.: Approximately 3,262,000 shares changed hands, a 600.1 percent increase over its 65- day average volume. The shares fell $1.90 or 8.1 percent to $21.51.
Analyst Tim Ramey said assertions made by Bill Ackman during Tuesday's presentation are untrue, and Ackman is correcting the record.
*Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.
U.S. stocks rose on Tuesday, building on gains after CPI rose in June, with sentiment also stabilized by encouraging earnings reports.
Herbalife has gained 25 percent today after hedge fund manager Bill Ackman gave a presentation on the company. Jared Bernstein, weighs in on the press the company is getting.
NEW YORK— Activist investor Bill Ackman fired his latest salvo at the weight loss and nutritional supplements company Herbalife on Tuesday, alleging that one of the business models used by its distributors is evidence that the company operates as an illegal pyramid scheme.
CNBC's Scott Wapner reports Herbalife has responded to investor Bill Ackman by saying Ackman has over-promised and undelivered and his claims are completely false and fabricated.
Bill Ackman fired his latest shot at Herbalife Tuesday, but the company's stock mostly rose during the investor's presentation.
CNBC contributor Herb Greenberg discusses investor Bill Ackman's presentation on Herbalife and whether he overhyped the marketing company's downfall.
*U.S. airlines suspend flights to Israel. NEW YORK, July 22- The S&P 500 hit a record high on Tuesday as inflation data was seen keeping the Federal Reserve in an equities-friendly tone, while hopes rose for an easing of tensions in Ukraine.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose. 5 percent to $3.80 with 32,841,800 shares traded. Alcoa Inc. rose 2.8 percent to $17.09 with 30,732,200 shares traded.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Herbalife Ltd. rose 25.5 percent to $67.77. Chipotle Mexican Grill Inc. rose 11.8 percent to $659.77.
Herbalife shares rose more than 17 percent to $63.29 in heavy volumes, more than recovering the losses made Monday after Ackman told CNBC he would expose Herbalife as an "incredible fraud" and deal the company a "death blow."
The "Fast Money" traders share their final trades of the day.
Hedge fund manager Bill Ackman is laying out his case against Herbalife. CNBC's Herb Greenberg, Kate Kelly and Scott Wapner, provide perspective.
Some of Tuesday's midday movers:
Robert Chapman, Chapman Capital, says he is adding aggressively to Herbalife despite Bill Ackman's criticism of the company. Also Chapman explains why he thinks the stock could hit $150 per share within a year.
CNBC's Kate Kelly reports on Bill Ackman's presentation on Herbalife. Perhaps he over-hyped this, says Kelly. And Herb Greenberg, Herb Greenberg's Reality Check editor, shares his thoughts on what's likely driving Herbalife's trading action.
NEW YORK, July 22- Billionaire investor William Ackman fired another volley on Tuesday in his 19- month-long war against Herbalife, this time taking aim at the company's use of nutrition clubs for recruiting, claiming they violate U.S. labor laws.
CNBC's Kate Kelly reports investor Bill Ackman spent $50 million on an undercover investigation into Herbalife. Ackman says Herbalife has "phantom or fictitious customers."