WW International (NASDAQ:WW) Stock Price Down 10.3% - Here's Why

Key Points

• WW International's stock fell by 10.3%, trading as low as $42.00 before closing at $40.25, significantly lower than its previous close of $44.89.
• Trading volume drastically decreased to approximately 17,253 shares, down 95% from the average daily volume of 316,285 shares.
• An institutional investor, Quinn Opportunity Partners LLC, bought a new stake in WW International, acquiring 100,000 shares valued at about $127,000.

Shares of WW International, Inc. (NASDAQ:WW - Get Free Report) dropped 10.3% during trading on Tuesday . The stock traded as low as $42.00 and last traded at $40.25. Approximately 17,253 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 316,285 shares. The stock had previously closed at $44.89.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley reissued an "equal weight" rating on shares of WW International in a research note on Friday, August 1st. Wall Street Zen assumed coverage on WW International in a research note on Friday, May 16th. They issued a "hold" rating for the company.

WW International Trading Down 6.5%

The firm has a market capitalization of $3.47 billion, a P/E ratio of -6.63 and a beta of 1.30. The business has a 50 day moving average of $18.22 and a 200-day moving average of $6.66.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WW International stock. Quinn Opportunity Partners LLC acquired a new position in shares of WW International, Inc. (NASDAQ:WW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $127,000. Quinn Opportunity Partners LLC owned 0.13% of WW International as of its most recent SEC filing. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.