Jim Cramer Thinks This Stock, Which Has Lost Over 50% Value In One Year, Is 'Too Controversial, Too Crazy'
Portfolio Pulse from Benzinga Neuro
Jim Cramer has labeled Herbalife Nutrition Ltd (NYSE:HLF) as too controversial and unpredictable, following a 50% drop in its stock value over the past year. The company's MLM business model has been a significant challenge, leading to an Underperform rating from BofA Securities.
September 17, 2024 | 8:44 am
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Herbalife Nutrition Ltd has seen a 50% decline in stock value over the past year. Jim Cramer considers it too controversial and unpredictable, while BofA Securities has given it an Underperform rating due to concerns over its MLM business model.
The stock has lost over 50% of its value, and Jim Cramer's negative comments, along with BofA's Underperform rating, suggest a lack of investor confidence. The MLM business model is a significant concern, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100