logo-loader

Small-Cap Snapshot: Weight Watchers company declines after JPMorgan downgrade to Neutral

Cannabis company Aphria rallied after its net revenue more than doubled from a year earlier

Oprah Winfrey
Shareholders of WW International include Oprah Winfrey

WW International Inc (NASDAQ:WTW), still known to many people as Weight Watchers, fell Friday as JPMorgan Chase & Co (NYSE:JPM ) downgraded the company to Neutral from Overweight. Last year the company renamed itself to reflect a shift in focus to overall health from weight loss. Shareholders include Oprah Winfrey.

The stock decreased $1.82, or 5.2%, to $33.29.

READ: Weight Watchers and Avon Products both go for a modern makeover

Aphria Inc (NYSE:APHA) climbed after the Canadian medical marijuana producer reported strong results. For the three months ended November 30, net revenue more than doubled to C$21.7 million (US$16.4 million) from a year earlier. The company recently received a hostile bid of C$2.8 billion (US$2.1 billion) from US cannabis retailer Green Growth Brands Ltd.

Shares rose $0.27, or 4.1%, to $6.85.

SYNNEX Corp (NYSE:SNX) rallied a day after reporting fourth-quarter revenue that beat the estimates of analysts. For the three months ended November 30, the Fremont, California-based business process services company posted revenue of $5.62 billion, up from $5.31 billion a year earlier. The average estimate of analysts was $5.43 billion. Net income increased to $113 million, or $2.41 per share, from $91 million, or $2.26 per share. CEO Dennis Polk said on a conference call that the revenue reflected solid performance, stable marketplaces and excellent execution.

Shares of SYNNEX climbed $12.11, or 14%, to $98.94.

Tilray Inc (NASDAQ:TLRY) soared after the Nanaimo, British Columbia-based cannabis company’s largest stakeholder, Privateer Holdings, said it won’t sell shares in its investment during the first half of 2019. Since the July initial public offering at $17 per share, Tilray has been on a rollercoaster ride, having reached a 52-week high of $300 in September before pulling back.

The stock gained $18.26, or 23%, to $98.66.

The Russell 2000 index of small-cap stocks was little changed at 1,445.36 on Friday.

Contact Dennis Fitzgerald at [email protected]

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

2 days, 9 hours ago

2 min read