Nu Skin sell-off creates buying opportunity, says Wedbush Wedbush believes that the sell-off in Nu Skin's stock yesterday based on a critical article in China Daily "appears highly unwarranted." The firm finds the newspaper's allegations similar to those made by short sellers about two years ago. Wedbush thinks the company's fundamental momentum has been accelerating and it keeps a $143 price target and Outperform rating on the shares.
Nu Skin gets direct selling authorization for additional city in mainland China Nu Skin Enterprises announced it has received approval from China's Ministry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province. Nu Skin is now licensed in 30 cities in 19 provinces and municipalities. The licensing process included a review of the company's operations. According to the Shaoxing City government, the city's population was more than 6M in 2013.