Nu Skin Enterprises (NUS) Volatile into Ira Sohn and Einhorn Comments
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Nu Skin Enterprises (NYSE: NUS) shares are seeing activity heading into the Ira Sohn Conference, expected to commence today. Notably, Greenlight Capitals David Einhorn is expected to make a few comments, though whether he'll discuss Nu Skin is up in the air.
In early May, Nu Skin peer Herbalife (NYSE: HLF) fell as Einhorn questioned the company's revenue model. Nu Skin, being of similar structure as a multi-level marketer, also saw some of the fallout.
Today, Nu Skin implied volatility is up 8 percent from Tuesday's close and at 134 percent of its historical annual average.
Shares are 7.5 percent higher into the Conference, though its still down 11.3 percent since the start of May.
In early May, Nu Skin peer Herbalife (NYSE: HLF) fell as Einhorn questioned the company's revenue model. Nu Skin, being of similar structure as a multi-level marketer, also saw some of the fallout.
Today, Nu Skin implied volatility is up 8 percent from Tuesday's close and at 134 percent of its historical annual average.
Shares are 7.5 percent higher into the Conference, though its still down 11.3 percent since the start of May.
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