Stock Traders Purchase Large Volume of WW International Call Options (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW) was the target of some unusual options trading activity on Tuesday. Investors acquired 5,355 call options on the company. This represents an increase of 62% compared to the average daily volume of 3,311 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Prism Advisors Inc. lifted its holdings in WW International by 110.0% in the third quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock valued at $37,000 after acquiring an additional 22,000 shares during the period. Marshall Wace LLP increased its holdings in shares of WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after purchasing an additional 160,200 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of WW International by 14.7% in the third quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock valued at $891,000 after purchasing an additional 130,180 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of WW International from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Barclays reaffirmed an “underweight” rating and set a $0.75 target price on shares of WW International in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.50.

WW International Price Performance

Shares of WW stock opened at $1.19 on Thursday. The stock’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.10. The stock has a market capitalization of $95.04 million, a PE ratio of -0.21 and a beta of 1.73. WW International has a 52-week low of $0.67 and a 52-week high of $9.65.

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.