Oprah Winfrey And Weight Watchers Join Forces In Groundbreaking Partnership
Oprah Winfrey and Weight Watchers International, Inc. (WTW) have joined together in a groundbreaking partnership to inspire people around the world to lead a healthier and more fulfilling life. Winfrey was compelled by the proven Weight Watchers program combined with new initiatives to broaden the companys mission to precedingitize overall health and wellness. As a part of this long-term partnership, Winfrey is making a substantial equity investment in the company and is joining the Board of Directors, bringing her insight to future products and programs.
During Monday’s Morning trade, Shares of Weight Watchers International, Inc (NYSE:WTW), gained 86.28% to $12.63. The firm opened its current trade at $11.99, and as of now, it is trading at $12.72. The total volume traded for the day is 25.61M shares, as compared to its average daily volume of 942,423.00 shares. The stock is floating in a range of $10.76 $12.75. The stocks hold the market capitalization of $722.49M.
Weight Watchers has given me the tools to start to make the lasting shift that I and so many of us who are struggling with weight have longed for, said Oprah Winfrey. I believe in the program so much I decided to invest in the company and partner in its evolution.
We are expanding our purpose from focusing on weight loss alone to more broadly assisting people lead a healthier, happier life, said Jim Chambers, President and CEO, Weight Watchers International, Inc. Through our conversations, it became clear that there is tremendous alignment between Oprahs intention and our mission. We believe that her remarkable ability to connect and inspire people to realize their full potential is uniquely complementary to our powerful community, extraordinary coaches and proven approach.
Weight Watchers International, Inc. is a provider of weight administration services. The company operates globally through a network of Company-owned and franchise operations. The Company provides Services and Products counting: Weight Administration Plans, Clinical Efficacy, and Meetings. Weight Administration Plans, provides weight administration program comprised of nutritional, exercise and behavioral tools and approaches.
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