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Herbalife (HLF) announced a $250 million share repurchase program as the nutrition company's stock continues to trade near multi-year lows. The move is aimed at signaling management confidence and supporting the share price amid ongoing investor skepticism about the company's growth prospects. The buyback comes as Herbalife has struggled with declining sales in key markets and persistent concerns over its multi-level marketing business model. Analysts remain divided on whether the repurchase will be sufficient to offset broader pressures on the stock.
Sources:Yahoo Finance