Dow Jones Industrial Average (.DJI)’s Bumpy Ride Keeps It in Positive Territory

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We’ve got a full on megainvestor battle on our hands. Just three weeks after a contentious battle over the business model at Herbalife Ltd. (NYSE:HLF) with Bill Ackman, Carl Icahn disclosed that he now has a 12.98% stake in the company. Shares shot up 20% for the company after yesterday’s release, and have continued to climb further this morning — up another 14.66% at 11:45 a.m. ET. Ackman had disclosed a large short position on the company based on his belief that Herbalife is a pyramid scheme. Ichan’s disclosure refutes the idea, though the company has not come out and done so itself. As the company is set to release its fourth-quarter earnings next week, investors will get to see how this battle royal will affect the company’s future moves.

Finally, Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) has gotten a nice boost this morning, though no real news has been released. Set to announce its fourth-quarter earnings on Feb. 26, the company has become an analyst favorite due to its frequent share buybacks, despite several pending lawsuits regarding shareholder rights.

The article Dow’s Bumpy Ride Keeps It in Positive Territory originally appeared on Fool.com and is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned, but you can contact her here. The Motley Fool recommends Goldman Sachs. The Motley Fool has the following options: Long Jan 2014 $50 Calls on Herbalife Ltd. (NYSE:HLF).

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