Herbalife Ltd. (HLF) saw a big move last session, as the company’s shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $30.48–$35.40 in the past one-month time frame, showed a sharp decline Friday at $31.01.
On Feb 26, the company announced lower fourth-quarter 2014 profits due to dip in sales. This might have led to fall in share price.
Though Herbalife has seen no negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HLF currently has a Zacks Rank #4 (Sell).
Investors interested in the retail drugs stores industry may consider better-ranked stock like Diplomat Pharmacy, Inc. (DPLO), which carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment