Diamonds and Dogs
Weight Watchers (WTW)
The struggling weight loss company finally caught a break today, as shares are up 16% to 4.75 on takeover rumors. According to the New York Post, an unnamed hedge fund has shown interest in acquiring Weight Watchers. The purchase price could be $2 billion including debt. Weight Watchers' stock value has declined over 85% in the past six months, so investors with long positions can breathe a sigh of relief for now.
Oasis Petroleum (OAS)
Oasis Petroleum is down 9% to 13.30 today due to the fall in oil prices. The prices fell to three-month lows because of worries about China's stock market as well as the chance of higher oil exports from Iran. The financial turmoil in Greece has not been helping either, and Oasis Petroleum felt the wrath today. As it approaches its 52-week low, Oasis Petroleum has investors wondering if the woes will continue or if there is a turnaround in store