Breaking Finance News

Wednesday is Turning Out to Be a Bad Day for Bill Ackman (HLF, JCP, APD)

The tweet below just about sums it up. Bill Ackman is having a bad day.

First, CNBC reported that George Soros had taken a stake in Herbalife (NYSE: HLF) sending the stock up 9 percent. This, after it posted better than expected earnings Monday.

This week alone, Herbalife is up 16 percent and with Ackman already in the red before the week started, it appears that Carl Icahn, along with the other hedge fund titans who are long the stock are going to have some serious bragging rights.

Then, at 3:22 p.m., the New York Post posted the following to twitter:

There is a fresh story with little information but J.C. Penney (NYSE: JCP) is down 7 percent on the news.

The only thing Ackman has going for him is that his Air Products (NYSE: APD) announcement today sent the stock up 3.5 percent. Who knows, maybe Icahn will open a short position in Air Products just to rub it in a little.

[stock-tools exchange="NYSE" symbol="JCP" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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