Companies making headlines after the bell Wednesday:» Read More
Some of the names on the move ahead of the open.
Wall Street looked to fall at the open on Monday, as disappointing European and Chinese data hit global market sentiment.
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...
Shares of Herbalife have fallen more than 35 percent this year. Tim Ramey, Pivotal Research analyst, explains his $110 price target on the stock.
CNBC contributor Herb Greenberg, weighs in on analyst Tim Ramey's $110 price target on Herbalife.
Herbalife CEO, Michael Johnson, talks about the FTC investigation and Bill Ackman accusations in a recent interview with Los Angeles Magazine.
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...
Shares in Pershing Square, a fund run by activist investor Bill Ackman, opened down 2 percent on their Amsterdam debut on Monday.
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.