New 52-Week Low Could Prompt More Insider Buying At Herbalife

In trading on Friday, shares of Herbalife Ltd. (NYSE: HLF) touched a new 52-week low of $38.00/share. That’s a $45.51 share price drop, or -54.50% decline from the 52-week high of $83.51 set back on 01/08/2014. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for HLF that means the stock would have to gain 119.76% to get back to the 52-week high. For a move like that, Herbalife Ltd. would need fundamental strength at the business level.
Source: Markets