No one instills confidence quite like Oprah Winfrey, and when the TV personality invested big in Weight Watchers on Monday, Wall Street followed suit.
Winfrey purchased a 10% stake in the weight-loss company, buying 6.4 million shares for $43 million—along with options to buy an additional 3.5 million shares at the same price, of $6.79, the Wall Street Journal reports.
After her vote of confidence, investors scrambled to get in on the action Monday, and the price doubled to $13.92 at closing. That means, on paper anyway, Oprah just made about $75 million in one day.
As far as weight-related life events go, it may not be as dramatic as the iconic Oprah Winfrey Show episode in which she rolled a wagon onto the stage filled with animal fat symbolizing the 67 pounds she had recently lost, but it probably feels a whole lot better.
[WSJ]
Unsupported block: core/classic-editor
More Must-Reads from TIME
- How Donald Trump Won
- The Best Inventions of 2024
- Why Sleep Is the Key to Living Longer
- Robert Zemeckis Just Wants to Move You
- How to Break 8 Toxic Communication Habits
- Nicola Coughlan Bet on Herself—And Won
- Why Vinegar Is So Good for You
- Meet TIME's Newest Class of Next Generation Leaders
Contact us at letters@time.com