Herbalife Is Surging
Jul 22, 2014, 20:08 IST
Shares in Herbalife were up as much as 10%, as Pershing Square's Bill Ackman delivers what he said yesterday was the most important presentation of his career on the nutritional supplement company.
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Appearing on CNBC Monday afternoon, Ackman reiterated his assertion that the Grand Cayman-based firm's business model doesn't add up, and that its shares were going to zero.
Shares fell $6 yesterday.
Herbalife has gained 33% since December 2012 when Ackman published a 334-page document he said showed the company was a fraud.