Weight Watchers tumbles as investors say hello to Bye
WW•Bye to replace Tara Comonte
Bye, who has more than 30 years of leadership experience, most recently served as CEO of connectivity intelligence company Ookla and replaces Tara Comonte, who left in March.
Company push into women's health
The company, which emerged from bankruptcy last year, has been trying to gain a stronger foothold in women's health, including programs for GLP-1 medicines.
The stock was on track to close below its 50-day moving average for the first time since August 21.
Shares fall after CEO appointment
WW International shares were down 14.8% to $15.34 on Wednesday after the company named Stephen Bye as its chief executive officer, effective this fall.
The stock was on track for its biggest daily percentage drop since May 7.
Analyst view and year-to-date performance
Of the 3 analysts that cover WW, the breakdown of recommendations is and ratings, according to LSEG data.
