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Herbalife (HLF) Soars: Stock Adds 11.2% in Session
Herbalife Ltd. (HLF - Free Report) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $67.21 to $69.20 in the past one month time frame.
The move came after the nutritional supplement company offered to purchase a total $600 million of its common stock at a price band of $60-68 and subsequently announced that it had acquired 6.7 million of its common shares in that range.
The company has seen a mixed track record when it comes to estimate revisions of no increases and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Herbalife currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Herbalife LTD. Price
Herbalife LTD. Price | Herbalife LTD. Quote
A better-ranked stock in the retail sector is Wm Morrison Supermarkets PLC , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is HLF going up? Or down? Predict to see what others think:Up or Down
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