Could Herbalife Stock’s Bullishness Continue?
Herbalife Nutrition (HLF) stock has followed a strong uptrend due to improving fundamentals. Herbalife rose ~41% in 2017, and 2018 has turned out to be another great year for the stock, which had risen ~64% YTD (year-to-date) as of May 4. Herbalife reported its 1Q18 results on May 3. Given the strong stock run so far this year, activist investor Bill Ackman, who once called Herbalife a pyramid scheme and betted against the stock, exited his short position against Herbalife.