Weight Watchers Shares Fell And Oprah Winfrey Avoided A $40 Million Loss Unlisted Video
5 years ago
159
Business Insider reports that Weight Watchers stock fell 35% on Wednesday after reporting below estimated profit guidance. The weight loss company's most famous spokesperson, however, avoided the crash. Oprah Winfrey, who at one time owned about 10% of the company, sold much of her stake last year. Winfrey joined the Weight Watchers board in 2015 and purchased approximately 6.37 million shares.
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