NEW YORK (TheStreet) -- Shares of Herbalife (HLF) are up today 8.31% to $43.55 after Fox Business' Charles Gasparino tweeted after the market close yesterday that billionaire Carl Icahn has not sold his stake in the company.
Earlier yesterday it was reported that Icahn intended to unload his shares of the global health, nutrition, and marketing company. The speculation sent Herbalife shares below $39 for the first time since August 2013.
CNBC reported on Twitter that Icahn cannot legally sell his stake in the company as he is an insider in a blackout period which is close to the quarter's end.
TheStreet Ratings team rates HERBALIFE LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERBALIFE LTD (HLF) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: