Modest Money | Jan 04, 2017 01:50PM ET
Weight Watchers (NYSE:WTW) had another incredible day in Wednesday trade. This follows big gains that we’ve seen recently. As soon as Wednesday's opening bell rang, the stock started on a mad dash toward the top. Since then, we’ve seen a continuation of gains, bringing the value higher and higher. Below, we’ll talk about what we’re seeing, why and what investors should be watching.h3 What We See/h3
As mentioned above, Weight Watchers had an overwhelmingly strong day on Wednesday. At the opening bell, the stock was slightly in the green. From there, we saw aggressive gains as investors pushed the stock higher.
h3 Why The Stock Is Gaining/h3Wednesday wasn't the first day that WTW saw gains. In fact, if you look back, the stock has been headed up for some time. The truth is that there is not one singular factor that’s causing this. Ultimately, the gains on the stock are being caused by a big mix of positivity. Here’s what’s happening:
Moving forward, there’s no doubt in my mind that we’re going to see several opportunities surrounding Weight Watchers. However, in order to take advantage of these opportunities, you’ll want to keep tabs on the news. In particular, it’s going to be important to watch sales reports for this quarter. At the end of the day, investors are expecting massive growth, and rightfully so. However, if the sales don’t match expectations, we could see big declines. If they surpass expectations, gains could be massive. So, the key word is 'sales'.
Where do you think WTW is headed?
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