|Bid||47.11 x 800|
|Ask||48.74 x 800|
|Day's Range||47.35 - 48.67|
|52 Week Range||20.73 - 52.89|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||22.18|
|Earnings Date||Oct 27, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2014|
|1y Target Est||61.67|
Investor Carl Icahn sold 14.7 million Herbalife shares, reducing his holding to 15.5%. He remains the supplements company's largest holder.
Shares of Herbalife Nutrition Ltd. fell 2.1% in morning trading Wednesday, after billionaire activist investor Carl Icahn said his Icahn Enterprises L.P. sold 14.7 million of the nutritional supplements company's shares, which reduced its stake in the company by about 42%. Icahn said the stock sale was part of Herbalife's self-tender offer, in which it accepts to buy back up to $750 million worth of its shares at $48.75 each. At that price, the 14.7 million shares Icahn sold would be valued at $716.6 million. Icahn remains Herbalife's largest shareholder with about 20.5 million shares, or 15.5% of the shares outstanding. Herbalife's stock has dropped 8.6% amid a four-day losing streak, since it closed at a 14-month high of $52.63 on Aug. 6. The stock has gained 0.8% year to date, while the S&P 500 has tacked on 4.3%.
Herbalife Nutrition Announces Preliminary Results of Self-Tender Offer