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]
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