NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Nu Skin Enterprises, Inc. (“Nu Skin” or the “Company”) (NYSE: NUS) concerning possible violations of federal securities laws by certain officers and directors.
On October 6, 2015, after the close of the market, Nu Skin slashed its previous third quarter revenue forecast from $620 million to $570-573 million. The Company attributed the lower expectations to foreign currency exchange rates and lower-than-expected sales of cosmetic oils in China during August and September. On the announcement of this news, the share price of Nu Skin stock has plunged as much as 26% on intraday trading from its October 6, 2015 closing price of $46.57 to trade under $35 per share on October 7, 2015. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.