Herbalife: Is It the Earnings or the FTC Deal? Either Way, It’s Bad for Ackman
May 06, 2016 at 12:34 PM EDT
Poor Bill Ackman . Shares of Herbalife ( HLF ), a stock he loves to short , have soared more than 10% today--putting the stock up 40% for the past 12 months--after the multi-level marketer reported better-than-expected earnings last night and said it was close to reaching a settlement over its business practices with the Federal Trade Commission. S&P Global Market Intelligence's Joe Agnese has the details:
