Weight Watchers’ Oprah Bounce Fading Fast as Its CEO Steps Down
- Stock falls after abrupt resignation of Chambers on Monday
- Board member Oprah Winfrey will help search for new leader
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The Oprah Winfrey bounce is fading fast.
Shares of Weight Watchers International Inc. tumbled on Tuesday after the abrupt resignation of Chief Executive Officer Jim Chambers, renewing concerns about the company’s uneven comeback bid. The stock fell as much as 7.2 percent to $9.61, the lowest level since before Winfrey took an ownership stake in Weight Watchers.