A few months ago, in October 2015, Oprah bought 6.4 million shares/10 percent of Weight Watchers stock. Her $43 million investment immediately paid off it turned into $70 million in one day. Over the past few years, Weight Watchers stock had gone down sharply from a high of almost $83 in 2011 to $6.79 a share in 2015 which is the price in which Oprah bought the stock. In the past three months since October, Weight Watchers stock has seen a 112% surge. Would Weight Watchers employees have been able to receive early information (before the general public) that Oprah was going to purchase a large number of stock ? Why or why not would they have been able to have this information early?
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Oct 14, 2020EXPERT
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