Weight Watchers Back At 2015 Levels After Q1 Beat

Weight Watchers International, Inc. WTW shares are trading higher by $3.00 (14 percent) at $24.19 in Wednesday's session.

The catalyst for the rally is a substantial Q1 beat of $0.20 along with a $7.2 million beat for revenues. The company also raised its FY 2017 EPS guidance from $1.30-$1.40 to $1.40-$1.50.

After a higher open, the stock continued in that direction until it finally peaked at $25.20 and reversed course. That high comes right in between a pair of highs from December 10, 2015 ($25.25) and December 11, 2015 ($25.15). After reaching that elevated level, profit-takers came into the stock, pushing it well beyond its opening price ($24.40) to $23.66. The sharp rebound off that low has been capped at $24.98.

Since Oprah Winfrey became involved with Weight Watchers, the stock has rallied from its July 2015 low ($3.67) over 500 percent at the $24.00 level. It still remains quite some distance from its all-time high that was made in May 2011 at $86.97.