Barclays Upgrades Weight Watchers (WTW) to Equalweight
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October 19, 2015 2:30 PM EDT
It was a tough day for Weight Watchers (NYSE: WTW) shorts as shares advanced 115% after the company announced a major deal Oprah Winfrey that included a $43 million investment or 10% equity stake in the company.
"I believe in the program so much... More
October 19, 2015 9:50 AM EDT
By Tom Polansek
CHICAGO (Reuters) - Media mogul Oprah Winfrey will buy a 10 percent stake in Weight Watchers International Inc (NYSE: WTW), adding her celebrity and consumer appeal to a diet brand that has been shedding subscribers.
Shares of Weight Watchers soared on the news of Winfrey's $43.2 million investment, closing up 105 percent at $13.92 on Monday. More than 71 million shares changed hands on U.S. exchanges, the busiest trading day in the company's history.
Weight Watchers has suffered from a shift in what U.S. consumers consider to be healthy, as shoppers... More
October 19, 2015 6:45 AM EDT
Oprah Winfrey and Weight Watchers International, Inc. (NYSE: WTW) have joined together in a groundbreaking partnership to inspire people around the world to lead a healthier and more fulfilling life. Winfrey was compelled by the proven Weight Watchers program combined with new initiatives to broaden the company's mission to prioritize overall health and wellness. As a part of this long-term partnership, Winfrey is making a substantial equity investment in the company and is joining the Board of Directors, bringing her insight to future products and programs.
"Weight Watchers has given... More
