I’m sure that many of you have heard of Weight Watchers, the company that helps you ideally lose weight in a healthy and relatively quick manner. This company was founded back in 1963 in Queens, New York and has taken the world by storm.
The reason I am writing about this stock, however, is its incredible gains that it posted not too long ago. The company is a publically traded company and for a long time, didn’t have much movement and didn’t post many gains.
However, on October 15, Oprah Winfrey announced that she would be buying into Weight Watchers because she truly believes in the product. Anyone who knows about Oprah knows about her influence in many aspects of the business world, and it truly showed on that day.
Since announcing she would buy 10 percent of Weight Watchers, the company soared over 262 percent in less than a month. These gains are typically unheard of, especially with a company with a lower beta. Oprah essentially tripled her investment in a matter of days, and could’ve taken the money and ran if she wanted.
It’s not often that stocks tend to do this, but when one does, the world takes notice, and now the financial world is eager to see what the future has in store for Oprah and the Weight Watchers team over the next few years.
