$13.92 up $7.13 at the close.
From Business Insider:
Oprah made a huge bet on Weight Watchers, and the stock is going parabolic
Weight Watchers shares are going bonkers.
The stock is up 117% following news that Oprah Winfrey made a big bet on the company.
But given the magnitude of the rally, there may be more than just the "Oprah effect."
There's speculation that the stock is experiencing a short squeeze. This occurs when short-sellers — who profit from a falling price — are forced to cover their shorts, a process that involves the short-sellers to frantically buy the stock.
In a press release Monday, the weight-loss-assistance company said Winfrey joined its board and purchased newly issued stock representing a 10% stake of shares outstanding. She also bought options to acquire an additional 5% of fully diluted shares....MOREHere are the various analyst moves over the last five years via Yahoo Finance:
|Upgrades & Downgrades History|
|Aug 19, 2015||Morgan Stanley||Upgrade||Underweight||Equal-Weight|
|Jun 3, 2015||Craig Hallum||Initiated||Hold|
|Feb 18, 2014||Barclays||Downgrade||Equal Weight||Underweight|
|Nov 4, 2013||Barclays||Downgrade||Overweight||Equal Weight|
|Nov 1, 2013||Barclays||Downgrade||Overweight||Equal Weight|
|May 4, 2012||Standpoint Research||Initiated||Buy|
|Mar 9, 2012||Barclays Capital||Initiated||Overweight|
|Feb 15, 2012||Auriga||Downgrade||Buy||Hold|
|Sep 28, 2011||Auriga||Initiated||Buy|
|Dec 1, 2010||Wedbush||Initiated||Outperform|
Back in a 2009 CSCO post I rambled:
Barclay's overweight/equal weight/underweight rating system gets kinda funny when they talk Weight Watchers, currently at "Underweight".It's like my dream was made manifest by Ms. Winfrey.