Why WW International Skyrocketed by 9% on Monday
WW International (NASDAQ: WGHW), owned of the storied Weight Watchers diet system, wasn't slimming down on Monday -- at least as far as its equity was concerned. The company's share price zoomed over 9% higher on the day, thanks in no small part to a deal it announced with a major e-commerce enterprise. With that rise, the company's stock crushed the S&P 500's (SNPINDEX: ^GSPC) 1.1% advance.
Before market open that day, WW International announced it has signed a collaboration agreement with Amazon Pharmacy to distribute medication to customers. The weight-management medications offered by WW International will be available through the ubiquitous retailer's medicine distribution unit.
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