- 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%).
Nu Skin skids as article questions sales practices in China
Jan 15 2014, 13:59 ET