Jeff Zisselman Notes STocks To Watch
Nu Skin Enterprises, Inc. (NYSE:NUS) skyrocketed about 30% in pre-market trading on Monday amid relief that the company wasn’t fined more or banned from selling in China. The company was reportedly fined $540,000 in China for selling items illegally and making product claims it couldn’t verify in a move toward a government probe into alleged abuses by the direct seller of skin and hair cleansers.
The company said that six sales employees were also fined $241,000 for unauthorized promotional activities, about two months after the investigation was announced by the Chinese government.
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