3 Stocks That Aren’t Your Friends on Monday
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
Anglo American Platinum Ltd. (AGPPY.PK) shares are trading lower after the Johannesburg-based platinum producer reported a loss for 2012, and that it would not resume dividend payments, as sales of refined platinum have fallen, while cash operating costs are up.
Production was also down in 2012. While the company has plans to restructure, CEO Chris Griffith said, “Primary supply challenges will continue in 2013.”
Excluding one-time items, Anglo American reported a loss of 1.47 billion rand ($166 million), or 5.62 rand per share, down from a profit of 3.57 billion rand, or 13.65 rand a share.
Current Price: $8.31
Sohu.com Inc. (NASDAQ:SOHU) is trading lower today despite delivering a profit beat, as the company came up short on revenue expectations. The revenue miss is a negative sign to shareholders seeking high growth.
Net income fell 14.37 percent to $23 million in the last quarter, versus a net gain of $26.86 million in the year-earlier quarter. Revenue fell 6.97 percent to $229 million.
Current Price: $48.10
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