Shares of Herbalife Sell Off Following Gasparino Tweet

Shares of

sold off following Gasparino's tweet on Friday. Following heavy stock action throughout the week (shubs- please link my earlier story here), 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% 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% stake in the company. A Herbalife spokesperson declined to comment on the Gasparino tweet. Shares of Herbalife Ltd. Gained 1.27% on Friday, closing at $58.04.