Tuesday, November 17, 2015

Dietary supplement stocks are getting crushed (GNC, VSI, HLF)

Nutritional supplement company stocks dropped on Tuesday on reports that the Department of Justice would take actions related to dietary supplement sales and unlawful ads. 

CNBC reported that criminal and civil actions would be announced at 3:30 pm ET. It’s unclear which company or companies are invovled.

Shares of GNC, Vitamin Shoppe, and Herbalife were all lower on the news.

Here’s GNC’s chart: 

Screen Shot 2015 11 17 at 12.16.56 PM

Vitamin Shoppe: 

vitamin shoppe

Herbalife: 

Screen Shot 2015 11 17 at 12.16.40 PM

 

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