Herbalife Gets Another Ackman-Related Boost

0
Herbalife Gets Another Ackman-Related Boost

CHC Group Ltd. (NYSE:HELI), Herbalife Ltd. (NYSE:HLF) and Energy XXI Ltd. (NASDAQ:EXXI) made big gains this Wednesday. Altisource Portfolio Solutions (NASDAQ:ASPS), Celladon Corporation (NASDAQ:CLDN) and Vectrus Inc. (NYSE:VEC).

Sign up for our free newsletter

Crypto Hedge Fund Three Arrows Blows Up, Others Could Follow

CryptoA few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More

 

Herbalife Climbs

[drizzle]

CHC Group Ltd. rallied +14.16% today, ending the day priced at $1.29 – a far cry from its 52-week high of $9.31. The stock, a Farallon Capital pick, is down -60.25% year-to-date.

Herbalife surged +12.58% today, putting its five-day gain at +18.57%. The stock has been on the up-and-up lately, thanks in large part to reports that HLF short-seller Bill Ackman is under fire from the FBI. And today, Herbalife won the dismissal of a lawsuit by a shareholder claiming he lost money after Ackman accused the company of being a pyramid scheme. Billionaires Carl Icahn and George Soros are enjoying the benefits of HLF’s climb.

Energy XXI Ltd. hit market close with a gain of +11.93%. It’s up +12.27% for the year – good news for billionaire shareholders Leon Cooperman and George Soros.

Altisource Portfolio Solutions Continues 2015 Plunge

Altisource Portfolio Solutions tumbled -8.46% today. The stock hit a new 52-week low on Monday and has struggled significantly in 2015, its price having fallen -59.01% year-to-date. As of his most recent 13F filing, Leon Cooperman has 2.26 million ASPS shares.

Celladon Corporation dipped -6.85%, ending the day priced at $23.26. The biotech company is still up +46.84% over the past year and +19.1% YTD. It hit a new 52-week high earlier this week, though it is also worth noting that short interest in the stock is also on the rise. CLDN is a Farallon Capital holding.

Vectrus Inc. fell -6.68% and is down -16.09% over the past five days. The billionaire taking a hit on this one is Julian Robertson.

Screen Shot 2015-02-23 at 3.00.26 PM

[/drizzle]

Updated on

No posts to display