Polls Say Americans Worried About Tariffs, Distrustful on Epstein
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HIMS: Hims & Hers Shares Sink After FTC Probe Details Emerge
Aug 15 - Hims & Hers Health (NYSE:HIMS) slipped about 3% in early trading on Friday after Bloomberg published fresh details about a Federal Trade Commission probe into the company's business practices. The report says the FTC opened an inquiry following consumer complaints that Hims & Hers makes it hard for customers to cancel subscriptions and questions the company's advertising practices. Warning! GuruFocus has detected 4 Warning Sign with HIMS. Hims & Hers first told investors about a regulatory review in July 2024, but Bloomberg's report adds new color on what regulators are investigating. According to people familiar with the matter, the agency looks at cancellation flows, disclosure language, and whether marketing crosses legal lines. The company hasn't released a new statement tied to the Bloomberg story. For investors, the short-term hit reflects the subscription model's vulnerability: when regulators probe cancellation or billing, churn can rise and trust can fall. Analysts will watch complaint volumes, any formal FTC subpoenas, and whether the firm needs to change its renewal mechanics or face penalties. Until that clarity arrives, expect volatility around HIMS shares as traders price regulatory risk into the stock. Based on the one year price targets offered by 13 analysts, the average target price for Hims & Hers Health Inc is $51.22 with a high estimate of $85.00 and a low estimate of $28.00. The average target implies a upside of +8.67% from the current price of $47.13. Based on GuruFocus estimates, the estimated GF Value for Hims & Hers Health Inc in one year is $36.25, suggesting a downside of -23.09% from the current price of $47.13. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
8 minutes ago
- Yahoo
University of Alaska dorms to host up to 750 Russian delegates in town for Trump-Putin summit
The University of Alaska Anchorage is expecting hundreds of Russian delegates who are in the city for the summit between President Trump and President Vladimir Putin to stay in student dorms. 'There may be up to 750 people staying on campus between the U.S. and Russian delegations,' vice chancellor Ryan Buchholdt said in an email to the Alaskan newspaper, Anchorage Daily News. The school can house around 12,000 people. This week marks the start of the school calendar for those returning from the summer break. The summit is going to be held at Joint Base Elmendorf-Richardson, about a 10-minute drive from Anchorage, reports Alaska's News Source. The meeting will mark the first time Trump and Putin have met in person since 2018. 'In addition to the dorms, we do have the Alaska Airlines Center [a sports arena that has a 5,000-seat capacity] that has been set up with beds, meeting most of the need, mostly from the Russian delegation side,' Buchholdt also told Alaska's News Source. University police are working closely with state and federal law agencies to monitor security, Buchholdt added. 'Our main concern is making sure anyone who is staying on campus, whether they are from the United States or Russia or any other locality, is safe,' Buchholdt said, 'and is able to do the mission that they're here to do and go back home safely.' On Thursday, some of the delegates had already arrived as of Thursday afternoon, according to university spokesperson Katie Bender. Flight tracking data showed that at least one flight from Moscow had touched down in Anchorage that afternoon. 'The delegations are in separate locations. For security purposes, we are not able to share where the delegations are located,' Bender added. Alyeska resort, located about 40 miles south of Anchorage, informed local press that they were fully booked for the weekend, and the website of the local hotel, Captain Cook, was also fully booked. The hotel site showed one remaining room in a hostel, at a staggeringly raised price of $150 a night on Friday. Town mayor Suzanne LaFrance explained that finding accommodation at the height of the tourist season is hard enough as it is, let alone with a significant political event taking center stage. 'I know that people are looking at creative solutions. I don't have any specific details about that [housing delegations in UOA], but I know that the university is engaged in those conversations, and I'm optimistic that we'll come up with some options for folks,' she said to Alaska's News Source. At the Joint Base Elmendorf-Richardson, news and camera crews were seen rolling in on Thursday morning. Locals watched on as officials gathered in the vicinity. 'It's kind of a big deal, I mean, do we all want World War III?' one man told Alaska's News Source. The two leaders will hold peace talks regarding the future of Russia and Ukraine, amid a deadly war that has killed hundreds of thousands of soldiers on both sides. Earlier on Thursday, Putin praised Trump's 'energetic and sincere efforts to stop' the war in Ukraine. More than a million Russian troops have been killed or injured since the full-scale invasion of Ukraine began on 24 February 2022, reports the British Ministry of Defense. Meanwhile, Ukrainian personnel fatalities and casualties have amounted to around 400,000, says the US-based Centre for Strategic and International Studies. Ahead of the summit, Trump vowed that Putin was 'not going to mess around with me,' as he hopes to secure a ceasefire deal. The Independent contacted the university, along with the Anchorage tourism board, for comment.
Yahoo
8 minutes ago
- Yahoo
Retail sales rise 0.5% in July, missing forecasts but marking second-straight monthly gain after spring slide
Retail sales in July rose 0.5% from the prior month, a rise that was slightly below Wall Street forecasts but a sign the consumer continues to steady the ship after a dramatic drop in spending this spring. Economists had expected retail sales to rise 0.6% from the prior month in July, according to data from Bloomberg. Excluding autos and gas, retail sales rose 0.2% last month. Friday's report marks the second-straight month retail sales rose after two months of declines in May and April, with May's 0.9% heightening fears over the health of the US consumer. This is breaking news. More to come. Sign in to access your portfolio
