Weight Watchers International, Inc. (NYSE:WTW) gapped down before the market opened on Tuesday . The stock had previously closed at $32.72, but opened at $30.28. Weight Watchers International shares last traded at $28.91, with a volume of 6206938 shares.
A number of research firms recently weighed in on WTW. JPMorgan Chase & Co. downgraded Weight Watchers International from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $37.00 to $25.00 in a research report on Tuesday. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Bank of America decreased their target price on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. TheStreet downgraded Weight Watchers International from a “b-” rating to a “c+” rating in a research report on Monday, January 14th. Finally, Craig Hallum reissued a “positive” rating and set a $80.00 target price (down from $120.00) on shares of Weight Watchers International in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Weight Watchers International has a consensus rating of “Hold” and an average price target of $80.77.
In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 2,019 shares of Weight Watchers International stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $51.26, for a total transaction of $103,493.94. Following the sale, the insider now directly owns 26,183 shares of the company’s stock, valued at $1,342,140.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.31% of the stock is currently owned by insiders.
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About Weight Watchers International (NYSE:WTW)
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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