Herbalife Launches $250 Million Stock Buyback
Herbalife announces a $250M share buyback, citing attractive valuation and strong cash flow. HLF shares trade higher.
Herbalife is using $250 million to buy back its own shares because it thinks its stock price is a good deal right now. When a company does this, it can mean they feel confident about their business and have extra money sitting around.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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