Shares of Herbalife were off another 6.7% , a day after hedge fund manager Bill Ackman gave an exhaustive presentation arguing why the company is a pyramid scheme.
Shares swung between gains and losses after Chairman and CEO Michael Johnson led a presentation mean to debunk the short case presented by hedge fund Bill Ackman in December.
Bill Squadron, Head of Bloomberg Sports, began the presentation by providing a brief overview of both products before introducing pitching guru Rick Peterson.