WeightWatchers Plunges on Oprah Winfrey’s Board Departure (3)

WW International Inc. shares plunged after Oprah Winfrey said she’s preparing to leave its board, the latest blow to the obesity-focused company that’s struggling to stay relevant in the Ozempic era.

Winfrey, whose relationship with the company goes back nearly a decade, said Wednesday that she would not stand for re-election at WW’s May shareholder meeting. Shares of WW, also known as WeightWatchers, fell as much as 27% when US markets opened Thursday. At $2.79 a share, they reached their lowest point since they began trading in 2001.

WATCH: Oprah Winfrey will leave the Weight Watchers board.

Source: Bloomberg

Winfrey, who recently disclosed she was taking popular weight-loss drugs as ...