WW International (NASDAQ:WW) Shares Down 4.4% - Here's What Happened

Key Points

• WW International shares fell 4.4%, trading at $30.36, significantly below the average daily volume, indicating a lack of investor confidence.
• Analysts at Wall Street Zen and Morgan Stanley have issued a "hold" and "equal weight" rating respectively, reflecting mixed views on the stock's performance.
• The company has a market capitalization of $2.80 billion and a PE ratio of -5.36, which raises concerns about its profitability and market positioning.

Shares of WW International, Inc. (NASDAQ:WW - Get Free Report) fell 4.4% on Monday . The company traded as low as $30.80 and last traded at $30.36. 13,075 shares changed hands during trading, a decline of 96% from the average session volume of 357,914 shares. The stock had previously closed at $31.74.

Analyst Ratings Changes

A number of brokerages recently weighed in on WW. Wall Street Zen initiated coverage on WW International in a research report on Friday, May 16th. They set a "hold" rating on the stock. Morgan Stanley reissued an "equal weight" rating on shares of WW International in a research report on Friday, August 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $0.75.

WW International Trading Up 1.4%

The stock has a market cap of $2.84 billion, a P/E ratio of -5.43 and a beta of 1.30. The stock's fifty day moving average price is $26.18 and its 200 day moving average price is $9.33.

About WW International

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.