WeightWatchers stock surges 70% after company agrees to buy obesity treatment platform
Publishing timestamp: 2023-03-07 19:23:43
Summary
WW International's stock surged after announcing its plan to buy Sequence, a telehealth platform that provides treatment for obesity. The company has struggled to adapt its weight-loss messaging for wellness culture, but the trend of using obesity medications for weight loss has led to a shortage for those who use it to treat conditions like diabetes. The announcement of the acquisition caused the stock to close 79% higher on Tuesday.
Sentiment: MIXED
Tickers: WW,
Keywords: ww international inc, business news, markets, health care industry, business, retail industry,
Source: https://www.cnbc.com/2023/03/07/weightwatchers-stock-surges-sequence-deal.html