Weight Watchers Loses $4 After Q4 Report

Weight Watchers International WTW shares are trading lower by $4.25 or 27 percent at $11.30 in Friday's session. Its Q4 miss of nickel with slightly higher sales, coupled with a wide range for FY2016 guidance has the investors forgetting all Orpah Winfrey involvement with company. After a lower open it managed to rally to $12.25 before resuming its move lower. The ensuing decline has taken the issue to $11.04 and its has not been able to distance itself from that level. The current low coinides with its February 18 low at $11.11. The major support for the issue comes in at is February 8 low ($10.03), when marks its lowest price since Winfrey discussed her role with the company/