now Ichan has to increase his holding to 25% will Ackman start covering to drive the price up so it costs Ichan a fortune to own a worthless stock?
volume was lousy also. Of course, now that Icahn has his goons on the board Ackman better pray that herballife doesn't institute an aggressive share buyback program
Icahn is acting like a revenge trader. If HLF is a Ponzi scheme á la Madoff, why does he want to own so much of it so badly. The SEC and the FTC should investigate and get to the bottom of this company.
Price action is lousy also. Can't sustain rallies. Institutions are probably unloading into the rallies.
12:17 PM Shares of Herbalife (HLF -0.1%) spike on reports that the company is not subject to an FTC investigation. Spike was $1.5