Weakness Seen in Nu Skin Enterprises (NUS): Stock Tumbles 13.2%
Nu Skin Enterprises Inc. (NUS) saw a big move last session, as the company’s shares fell by over 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NUS, as the stock is now down over 17% since Oct 30.
This slump shouldn’t be too much of a surprise to investors, as the personal care and nutritional products company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
NUS currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the consumer staples sector include Carriage Services Inc. (CSV), Pilgrim's Pride Corporation (PPC) and Helen of Troy Limited (HELE). While Carriage Services and Pilgrim's Pride carry a Zacks Rank #1 (Strong Buy), Helen of Troy holds a Zacks Rank #2 (Buy).
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NUSKIN ENTERPRISES INC (NUS): Free Stock Analysis Report
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