Herbalife Ltd. Rebounds After Icahn Dumping Rumor Fades

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Herbalife Ltd.
HLF
shares ticked up slightly after hours Monday following a scare in the afternoon that investor Carl Icahn would dump his 17 percent stake in the controversial company. But Fox News' Charles Gasparino touched off a minor recovery in Herbalife after the market closed with a tweet claiming that Icahn had not sold shares and hadn't acquired any puts. https://twitter.com/CGasparino Speculation that Icahn would sell his Herbalife stake had sent the company's shares below $39 for the first time since May 2013. After dropping more than 10 percent Monday afternoon, Herbalife traded recently in the after-hours session at $41.04 a share, up 2 percent.
Posted In: NewsRumorsAfter-Hours Center
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