Herbalife (NYSE:HLF) shares are trading lower after the New York Post reported that the supplement-maker was under investigation after the Federal Trade Commission received multiple complaints. According to the Post, the existence of the probe emerged after the publication cited the Freedom of Information Law. The FTC then released 192 complaints filed against Herbalife over the past seven years.
Shares dropped as much as 16 percent in pre-market trading today after closing at $35.07 on February 1. The company’s shares are already down 39 percent over the last 19 months amid allegations that it is a pyramid scheme.
Current Price: $32.88