TwinsTalkStocks, 8 year old twins Ashay Jorel & Devin Kalel, “weigh” in on Weight Watchers Q4 loss.
On January 1st, people started to watch their weight. Today after the bell, everyone’s watching Weigh Watchers (WTW).
WTW has shed more than 50% since November 18th when it hit $26.61. Now it’s around $11.30. That’s a dramatic loss in market cap.
The numbers are hard to digest. Revenue has decreased 21% from last year. WTW also forecast a Q1 loss, which investors found hard to stomach. That’s why the stock has slimmed down by 3% after reporting Q4 loss.
Oprah Winfrey says she’s lost 26 pounds since joining WTW. Investors who bought in at the 52 week high have lost money.