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Why Herbalife Stock Just Crashed 15%

·2 min read
Why Herbalife Stock Just Crashed 15%
In this article:
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The name takes me back to the first time I heard about Herbalife, while living and working in Moscow in the '90s, and saw a flyer on a lamppost announcing products for sale from "Gerbil-Life," the closest Herbalife could get to transliterating its name. Herbalife shareholders, though, are not smiling today because of something the company just announced. Yesterday after the close of trading, Herbalife issued an earnings warning for its fiscal third quarter 2021, and the stock is down 15% in response as of 10 a.m. EDT this morning.