How Much Will Oprah Weigh In On Weight Watchers Q4 Report?
Weight Watchers International, Inc. (NYSE: WTW) shares are trading lower by $0.03 at $15.33 in Thursday's session. The company will release its second earnings report since Oprah Winfrey became involved with the company.
The first report came within a month of the announcement of her stake and produced a beat of dime with slightly better revenues. The Street will be anxious to see if the positive momentum has continued into the recent quarter.
After a parabolic rally to $28.06, the issue drifted back down to the area $10 area, which coincided with the low following the day of Oprah's announcement. The rally has found major resistance at the $16 area. Along with today's being $15.95, the issue struggled with the $16 area when it came down off November high.
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