Oprah loses 40 pounds, gains big $ with Weight Watchers
by Paul R. La Monica @lamonicabuzz December 22, 2016: 1:.
Oprah’s weight is down, Weight Watchers shares are up
Oprah Winfrey has lost more than 40 pounds using Weight Watchers even though she still is eating bread — and she’s also gained a different kind of dough in the process.
Shares of Weight Watchers surged 17% Thursday morning after the company unveiled a new ad campaign with Winfrey — who I will now simply refer to as Oprah for the rest of this story. The news was first reported on People magazine’s web site.
“Weight Watchers is easier than any other program I’ve ever been on. It’s a lifestyle, a way of eating and a way of living that’s so freeing. You never feel like you are on a diet and it works,” Oprah said in a release about the new ad campaign.
Oprah is the third largest shareholder in Weight Watchers. She owns nearly 6.4 million shares of the company — a stake worth about $77 million. That’s an increase of $10 million from Wednesday. She is also on the board of Weight Watchers.
And the value of Oprah’s stock in Weight Watchers has increased by nearly $35 million since she first disclosed her investment in October 2015.
But the stock has been on a wild yo-yo ride over the past year.