$HLF going up which means a VIP did not get out safely. Sell on every pop.- nytrader60 (@nytrader60) Apr. 14 at 08:04 AM
Shares of the nutrition company rallied more than 6% after the company said it was not, to its knowledge, under investigation by either the FBI or Department of Justice. The Financial Times reported Friday, citing sources, that Herbalife was under investigation by the FBI, sparking a near 15% drop in shares.
"We have no knowledge of any ongoing investigation by the DOJ or the FBI, and we have not received any formal nor informal request for information from either agency. We take out public disclosure obligations very seriously. Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments." Despite the statement, cashtaggers noted that the FBI probably wouldn't announce that it was investigating a company for criminal actions until it filed charges. Advanced notice could spur a company to hide evidence of bad practices. Sentiment on the stock stood at 72% bearish, according to StockTwits' analytics.
$HLF Only a matter of time before the FBI and doj formally announce the investigations.- Unemployed College Grad (@win2betmore) Apr. 14 at 09:57 AM