Nu Skin Enterprises (NUS) Is Sinking After CEO Departs

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Nu Skin Enterprises (NUS) announced Wednesday morning that Ritch Wood will become its new CEO after Truman Hunt steps down in mid-2017. Ryan Napierski will also become the company’s President.

Fourth quarter EPS is expected to be near the high end of its previous guidance, while revenues are expected to be near the low end of the guidance

Nu Skin Enterprises gapped open lower Wednesday and has continued to decline in early trade. Shares are now down 5.04 at $46.52 on above average volume. The stock has tumbled to a 5-month low and has fallen below its 200-day moving average.

by RTT Staff Writer

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