Key Takeaways
- Shares of WW International, better known as WeightWatchers, rebounded slightly Thursday after losing more than 60% of their value yesterday.
- Wednesday's tumble followed a report that the company may file for bankruptcy in the coming months.
- S&P Global downgraded WW International's credit rating in February, saying a default and bankruptcy were likely within six months.
Shares of WW International (WW), better known as WeightWatchers, rebounded slightly Thursday after plummeting more than 60% yesterday on a report that the company is preparing to file for bankruptcy.
The Wall Street Journal reported Wednesday that WW International was "preparing to file for bankruptcy in the coming months as part of a plan to hand control of the business to its creditors." The company has more than $1.4 billion in loans and bonds that are coming due in 2028 and 2029, the Journal said.
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