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.» Read More
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."
NEW YORK, July 22- Shares of Herbalife Ltd rallied on Tuesday in heavy volume, although they only recovered about half of Monday's steep decline. The move came as Bill Ackman, the chief executive of Pershing Square Capital Management and a vocal short against the company, gave a presentation that described it as a pyramid scheme.
CNBC's Kate Kelly reports Bill Ackman's presentation into exposing Herbalife as a pyramid scheme has begun.
CNBC's Scott Wapner speaks to Herbalife CFO John DeSimone about investor Bill Ackman's assertions that Herbalife is a massive fraud and is going to collapse. DeSimone says Ackman has made some outrageous statements and is missing the real analysis. "Herbalife is a beneficial multi-level marketing company," says DeSimone.
Bill Ackman, head of Pershing Square Capital Management, said his firm's presentation of a Herbalife investigation will "expose incredible fraud."
*Netflix and Chipotle both rise after-hours on results. *Yum Brands, McDonald's shares down on China food safety. NEW YORK, July 21- U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.
Stocks declined Monday as global disapproval of Russia increased after the downing of a passenger plane in Ukraine.
Herb Greenberg, CNBC contributor, shares his thoughts on Bill Ackman's comments that Herbalife is a fraud. Let's not forget this is about the business model, says Greenberg.
Pershing Square's Bill Ackman says he'll show evidence that Herbalife is a massive fraud.
Herbalife is ramping up its rhetoric against arch-nemesis Bill Ackman.
The billionaire investors, who have been at odds over nutrition and diet company Herbalife, made up in public on Wednesday, ending a decade long feud that exploded on cable television 18 months ago.
Carl Icahn defended the role of activist investors like him, saying that too many companies are being run by "morons" who need oversight.
The billionaire activist investors shared the stage during a surprise joint appearance at the Delivering Alpha conference.