USA Today

Oprah Buys 10% of a Well-Known Company and Its Stock Soars

Oct 19, 2015  •  Post A Comment

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.

WeightWatchersHPScreen shot of the Weight Watchers home page soon after it was announced that Oprah Winfrey bought 10% of the company and is joining its board of directors

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