Financial giants keep fighting in the market of Herbalife’s stock. On Monday, Third Point, a major hedge fund, was reported to have sold a certain share of its holdings of Herbalife’s stock.
The hedge fund started selling off the holding 3 weeks ago. The biggest sale was seen last Friday when Herbalife’s stock was appreciating. There are rumors that the hedge fund hasn’t sold the entire holding.
William Ackman, the top manager of another hedge fund, also made a multi-billion bet on a collapse of Herbalife’s stock.
On the contrary, Carl Icahn, an American billionaire, announced his decision to purchase 14 million shares emitted by Herbalife in order to help the company overcome temporary difficulties and to restore its market capitalization.
Major investors’ activities become more controversial and less predictable.
For reference, sake, Third Point turned out to be the most profitable hedge-funds in 2012 mainly due o speculations with Greek bonds.
The chart below, courtesy of , reflects the current state of affairs in the market of HLF:
