Stock

Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

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Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

Pershing Square’s Bill Ackman folded on his short bet against Herbalife Ltd nearly six years ago but he’s calling Thursday’s record tumble a win. The stock of the weight-loss shakes and vitamins seller plunged 32% to a 14-year low, after a quarterly earnings report that fell short of analyst expectations. In the last six months, … Read more

Stock market emerges as top performer in major asset classes in 2023 – Uptrends

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Stock market emerges as top performer in major asset classes in 2023 – Uptrends

  After lagging for the last few years, the stock market outperformed other popular investment options and asset classes for local investors in 2023, such as the US dollar, gold, government securities, and real estate, according to a research note shared by Topline Securities on Saturday. Market emerged as the highest return provider, as the … Read more