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Herbalife (HLF) in Focus: Stock Gains 9.9% in Session

Zacks Equity Research

Herbalife Ltd. HLF was a big mover last session, as the company saw its shares rise nearly 10% on the day. The stock moved up after the company agreed to pay $200 million to end a government investigation, and avoided charges that it operated as a pyramid scheme. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $54.04 to $62.33 in the past one-month time frame.

None of the estimates for this Retail-Drug Store industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Herbalife has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

HERBALIFE LTD Price

HERBALIFE LTD Price | HERBALIFE LTD Quote

However, a better-ranked stock in the wider retail-wholesale sector is Beacon Roofing Supply, Inc. BECN, sporting a Zacks Rank #1 (Strong Buy).

Is HLF going up? Or down? Predict to see what others think: Up or Down

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