On net worth and her brand.
The publicity rippling from the sinking speech of Winfrey, where she hailed brave women who have spoken about sexual harassment and abuse, appears to have translated into a sharp boost for one of her exemptions and exemptions.
The dieting firm’s stocks jumped 12.2% in trading Monday to close at $52.62 up $5.71.
Investors are thrilled in the enormous and sudden round of publicity for Winfrey’s brand.
Weight Watchers didn’t respond to a request seeking comment Monday. A spokesperson for Winfrey did not respond.
CNN’s Brian Stelter reported Monday that Winfrey is “actively thinking” about running for president.
The company was on a tear, since Winfrey enthusiastically backed Weight Watchers, hammering it with helping her lose weight. Membership, earnings and profits have soared.
Winfrey, who also serves on the company’s board, bought her stock at $6.79 apiece for a total expense of $43.2 million in 2015, according to a Securities and Exchange Commission filing.
As of Jan. 2, she possessed 9.9% of the business, based on S&P Global Market Intelligence. She’s also CEO of this cable channel OWN.
With 6.37 million shares in Weight Watchers, she left a paper profit of over $36 million from Friday’s closing price through the end of Monday. That’s still a drop in the bucket for Winfrey’s net value, which Forbes has estimated $2.8 billion.
However, it could go a long way toward jump-starting a presidential campaign.