WeightWatchers rises after replacing CEO

WW International

27/09/2024 14:27

** Shares of WW International  WW.O , formerly known as
WeightWatchers, rise 3.8% to 88 cents premarket 
    ** Sima Sistani, company's CEO since February 2022, steps
down from the role, effective Friday; Tara Comonte, who was
previously CEO of reproductive healthtech firm TMRW Life
Sciences, named as interim chief
    ** Stock down 90.3% this year due to concerns around
company's growth prospects and liquidity 
    ** Shares, which traded at over $100 at their peak in 2018,
have been trading below $1 since late August

 (Reporting by Kashish Tandon)
 ((Kashish.tandon@thomsonreuters.com))