Herbalife LTD. (HLF) : Traders are bullish on Herbalife LTD. (HLF) as it has outperformed the S&P 500 by a wide margin of 6.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.9% in the last 1 week, and is up 10.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 10.23% and the 50-Day Moving Average is 8.68%.
Herbalife LTD. (NYSE:HLF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.31 and $64.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.25, notching a gain of 9.92% for the day. The total traded volume was 35,318,602 . The stock had closed at $59.36 on the previous day.
The company Insiders own 4.91% of Herbalife LTD. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.44% . During last six month period, the net percent change held by insiders has seen a change of -31.2%. In a related news,The officer (VP, General Manager, Mexico) of Herbalife Ltd., Alzarez Jesus sold 1,475 shares at $62.18 on May 11, 2016. The Insider selling transaction had a total value worth of $91,716. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Herbalife Ltd. is a holding company. The Company is a global nutrition company that develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Companys products are often sold as part of a program. The Company categorizes its products into five groups: weight management, which includes meal replacement, protein shakes, drink mixes, weight loss enhancers and healthy snacks; targeted nutrition, dietary and nutritional supplements containing quality herbs, vitamins, minerals and other natural ingredients; energy, sports & fitness, consists of products that support a healthy active lifestyle; outer nutrition, consists of facial skin care, body care, and hair care products, and literature, promotional and other, includes Start-up kits, sales tools, and educational materials. As of December 31, 2014, the Company sold its products in 91 countries.