FonsieTrader
Sep 29, 2:13 PM
$WW — Daily break. 900k float.
Weight Watchers just announced a collaboration with Google Health Enterprise. Engagement and outcomes inside the weight-health programs.
That is the match.
The screen is the other half. 900k float. 10M shares out. Short interest showing 189% of that float. Days to cover 6.3. Cap
$177M. Cash
$107M. Debt still
$426M — the Chapter 11 exit left a term loan.
The business is the clinical pivot. Q2: 2.5M subscribers. Clinical book 197k, +56%. Core+ 541k, +14%. LillyDirect access. Medicare GLP-1 bridge. New CEO Stephen Bye as of Sep 9. Next print October 29.
Daily: months stuck between
$14 and
$20. Today
$17.67 (+17.5%), high
$17.77, 245k shares, rel vol ~20x. That is more than a quarter of the float in one session.
$20 is the lid.
$15 is the line that cannot go.
Tiny float. Shorts crowded. Google was the spark.
$15 keeps it alive.
NFA.
1 replies