$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 |
---|
Date | Research Firm | Action | From | To |
---|---|---|---|---|
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.