Benzinga | Jul 13, 2020 10:53AM EDT

Why Herbalife's Stock Is Trading Higher Today

Herbalife Nutrition Ltd (NYSE:HLF) shares are trading higher on Monday after the company indicated second-quarter sales volume points rose 12.4% from the previous year and the company announced up to a $750 million common stock buyback.

Herbalife is an international nutrition company. The company has five revenue segments: weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature, promotional.

The most important segment, weight management, contributing more than 50% of revenue, has as representative products protein drinks, powder, and bars, and herbal tea concentrates, among others.

Herbalife shares were trading 12.45% higher at $51.30 during the time of publication on Monday. The stock has a 52-week high of $52 and a 52-week low of $20.73.