Herbalife Continues To Fall, Increases Buyback
Posted on December 24, 2012 at 13:20 PM EST
Herbalife (HLF) shares continued to tumble Monday, days after a noted short seller's remarks sparked a sell off last week. Shares initially rose in premarket trading after the weight-loss products maker said it will buy back more shares than the $50 million previously expected. Herbalife shares was down 6% to 25.75 intraday Monday. On Wednesday, Bill Ackman accused the company of being a "pyramid scheme" that has "grown remarkably rapidly" without