Market Overview

Shares of Herbalife Sell Off Following Gasparino Tweet

Related HLF
Dan Nathan Discusses Risk Reversal, Herbalife And More
Herbalife Shares Trend Higher On CEO Option Exercise
Global Jitters Send Wall Street Tumbling (Fox Business)

Shares of Herbalife (NYSE: HLF) sold off following Gasparino's tweet on Friday.

Following heavy stock action throughout the week, Charles Gasparino tweeted Friday afternoon “$Hlf worried state AG's might launch probes into cos biz model; worried that probes cld further depress stk‏”.

Shares declined 1.01 percent following the tweet going from $58.58 to $58.00, before rebounding during Gasparino TV appearance. Gasparino commented that Carl Icahn may take an activist role in protecting Herbalife due to his 16 percent stake in the company.

A Herbalife spokesperson declined to comment on the Gasparino tweet.

Shares of Herbalife gained 1.27 percent on Friday, closing at $58.04.

Posted-In: Charles GasparinoNews


Related Articles (HLF)

Around the Web, We're Loving...

Get Benzinga's Newsletters