Weight Watchers (WTW) volatility elevated into Q1 profit decrease

Weight Watchers (NYSE: WTW) is recently down $12.61 to $63.40 in the premarket on a Q1 profit decrease of 26% on flat revenue growth. Wedbush lowered its price target to $62 from $82. Overall option implied volatility of 54 is above its 26-week average of 44 according to Track Data, suggesting larger near term price movement.

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