Market Overview

Bob Chapman: Herbalife Will Hit $150 By Summer 2015

Share:
Related HLF
15 Biggest Mid-Day Losers For Friday
Herbalife Attempts To Stabilize After Issuing Lower Guidance
Herbalife Warns On Sales, Discloses SEC Probe, But Stock Erases Loss (Investor's Business Daily)

Fund manager Bob Chapman showed support for his biggest bet ever, Herbalife (NYSE: HLF), in a segment on CNBC Tuesday.

Chapman says that the stock is worth $300 and will hit $150 within a year.

The Herbalife bull also called out Bill Ackman. According to Chapman, Ackman was admittedly ignorant of Herbalife’s growth drivers (specifically the health clubs), but still touted that the firm is a pyramid scheme.

Shares of Herbalife moved higher following Chapman’s session, making a new day high at $63.50. Be sure to watch Benzinga’s live updates of Tuesday’s Herbalife action.

Shares of Herbalife were last trading at $63.02, up 16.7 percent on the day.

Posted-In: Bill Ackman Bob ChapmanCNBC News Hedge Funds Hot Media General

 

Related Articles (HLF)

View Comments and Join the Discussion!