Stock Movers WeightWatchers Falls, Charles River Rallies, Walt Disney Jumps on Profit Forecast
May 7, 2025
WeightWatchers is facing a steep decline after filing for bankruptcy, aiming to shed $1.15 billion in debt while struggling against weight-loss drugs. In contrast, Charles River Labs sees a stock surge, thanks to an improved earnings forecast and a new partnership with Elliott Investment Management. Meanwhile, Walt Disney shares soar after exceeding quarterly earnings expectations, buoyed by thriving theme parks and a positive outlook for streaming services.
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WeightWatchers' Bankruptcy Insight
- WeightWatchers filed for bankruptcy due to its failure to compete with new weight-loss drugs like Ozempic.
- High interest expenses limited its ability to invest in marketing and growth initiatives, worsening financial strain.
Charles River’s Profit Boost
- Charles River Labs raised its profit forecast after stronger-than-expected results and gained from partnering with activist investor Elliott.
- Elliott's involvement is expected to assist in boosting the company's stock in both short and long term.
Disney’s Strong Earnings & Growth
- Disney's stock jumped 9% after beating earnings estimates and raising full-year guidance fueled by strong theme park and streaming performances.
- The company plans to open a new theme park in Abu Dhabi and will announce more on a rebranding of ESPN's flagship service.