WW International recovers after it says on track to beat subscriber growth outlook

WW International

15/03/2024 15:42

(Updates)
    ** Shares of WW International  WW.O  up 17.6% at $2.19 after
hitting at a record low 
    ** Stock fell for past four consecutive sessions and ended
at a record low on Thursday
    ** Co said late on Thursday it was on track to beat its
previously-provided Q1 outlook on clinical subscriber growth
    ** CEO Sima Sistani sent an internal memo to employees on
Thursday, attempting to reassure them that the company's
financial position is solid and its new clinical business
related to the threat of GLP-1 weight loss drugs is growing
faster than expected, CNBC reported
    ** WW has lost about half of its market value since it
disclosed that celebrity shareholder Oprah Winfrey would exit
its board later this year and donate her stock
    ** Stock down 78% this year

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))