Herbalife's Stock Is Ripping

Shares of Herbalife are ripping today with the nutrition supplement seller’s stock last trading up more than 8% at $48 per share.

We haven’t seen any news on the stock, yet.

Herbalife is one of the most controversial stocks and it has generated a great deal of dicussion on both the long and short side.  

Back in December, hedge fund manager Bill Ackman, who runs $12 billion Pershing Square Capital Management, publicly announced that he’s shorting more than 20 million shares of the stock. Ackman believes the company is a “pyramid scheme” and has a price target of $0. 

Not everyone has agreed with him, though. 

Ackman’s rival Carl Icahn snapped up a massive stake in Herbalife.  Icahn owns more than 16 million shares of Herbalife.  

The stock is trading well above the pre-Ackman short level.  

Here’s a chart: 

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