Nu Skin skids as article questions sales practices in China

|About: Nu Skin Enterprises Inc. (NUS)|By:, SA News Editor

Nu Skin (NUS -17.7%) slumps on a negative article in People's Daily which is apparently quite critical of the company's sales practices.

In one particularly negative passage, a university lecturer likens NUS' tactics to mind control. Here's the quote, from a translation that appears on TheStreet: "Southwest University of Politics and Law Lecturer Hu Jiang believes that such acts alleged mind control, commonly known as 'brainwashing.'"

For its part, the company says the article "contains inaccuracies and exaggerations that are not representative of [its] business in China."

Also notably lower on the day: Herbalife (HLF -1.3%).