Weight Watchers Posts Solid Gains On Oprah Tweet
Weight Watchers International, Inc. (NYSE: WTW) shares are trading higher by $2 at $13.12 in Tuesday's session. There is renewed interest in the weight-loss company following a treat from Oprah Winfrey.
The issue, which has lost more than half of its value since November 20 when it peaked at $27.38, is recouping some of those losses in today's session.
On January 20, it matched the low for the day ($10.75) amid the initial announcement of her stake in the company, and it bottomed at $10.61.
The issue had been moving higher already when the tweet instigated a spike to $13.54. That marks the highest level for the issue since it peaked on January 19 at $14.13.
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