Oprah Winfrey has acquired a 10% stake in a company that’s a well-known brand — Weight Watchers International – “sending the dieting company’s stock soaring Monday,” reports USA Today.
Says the story, “Investors flocked to Weight Watchers shares in the wake of the news, sending the stock up 53% in pre-market trading to $10.36 on Monday morning. Winfrey bought her shares at $6.79 for a total investment of $43.2 million, according to a Securities and Exchange Commission filing.”
As this item was being completed, at 7:45 a.m. PT on Monday, Weight Watchers stock was up to $12.39.
The article adds, “Winfrey, who is also getting options to acquire an additional 5% stake, is joining the Weight Watchers board after a positive personal experience with the company’s weight-loss program.”
To read more details about this item, please click on the link, above, to the USA Today story.