Nu Skin Enterprises, Inc. (NUS) Fined By China, But Shares Skyrocket

Nu Skin Enterprises, Inc. (NYSE:NUS) offered an update today on the situation in China via a press release. Officials there have been investigating the company’s activities in the wake of a report from the People’s Daily. The company reported what basically amounts to a slap on the wrist, is why investors seem relieved today. Nu Skin China fined Chinese officials levied a fine of $524,000 against Nu Skin Enterprises, Inc. (NYSE:NUS)’s China operations for selling some products through some h individual direct sellers. Although those products were allowed to be sold in China’s retail stores, they weren’t registered as products…