Weight Watchers Adds To Healthy Gains After Q3 Beat

Weight Watchers International, Inc. WTW shares are trading higher by $6.50 at $23.43 in Friday's session. The catalyst for the rally is a Q3 EPS beat of dime with $7 million more in revenues. In addition, the company raised its FY outlook. After a sharply higher open, it retreated to $20 before resuming its rally. So far, it has taken the issue to $23.55 and it is far from that level. That puts the issue within striking distance of its yearly high ($24.40). The issue is now higher by 245 percent since closing on October 16 at $6.79. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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