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Stock Alert: Herbalife Nutrition Hits New High On Higher Volume Points

Shares of nutritional supplements company Herbalife Nutrition Ltd. (HLF) are climbing more than 13% Monday morning to hit a new high of $52.43 after the company said its preliminary volume points in the second-quarter increased about 12.4% year-over-year at $1.7 billion. Volume Points accumulate from orders placed with Herbalife.

Herbalife also announced a self-tender offer to buy up to $750 million shares at a price between $44.75 and $50.00. The stock closed Friday's trading at $45.64. The offer is scheduled to expire on August 11.

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