Weight Watchers International, Inc. WTW 3.2% shares are up another 4.6 percent on Monday after jumping 25 percent to new three-year highs on Friday following a blowout earnings report. One of the happiest Weight Watchers investors is spokesperson and Weight Watchers board member Oprah Winfrey, who has now made more than $228 million on the 10 percent stake she took in Weight Watchers back in October 2015.
Oprah originally purchased more than 6.3 million shares of Weight Watchers at a price of $6.79 per share. The stock was trading above $43 on Monday afternoon.
It hasn’t always been smooth sailing for Weight Watchers stock in recent years. Shares dipped as low as $3.67 in the summer of 2015. However, since Oprah disclosed her investment, Weight Watchers stock traded between $10 and $15 throughout most of 2016 before breaking out to the upside in early 2017 and never looking back.
Invest Long And Prosper?
Oprah isn’t the first celebrity to profit in the stock market off of an endorsement deal. Priceline Group Inc PCLN 0.02% spokesperson William Shatner was awarded 125,000 shares as part of his compensation package. Priceline shares have surged 16,400 percent in the past 15 years to more than $2,000 per share, but Shatner reportedly sold half his shares at a split-adjusted $625.50 back in the 1990s. If Shatner has held onto the other 62,500 shares to today, they are now worth 126.6 million.
For now, Oprah is…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
