Insiders Are Betting On Weight Watchers After Bearish Options Bet

Weight Watchers International, Inc. WTW has seen substantial insider buying this week, as supported by multiple filings on Thursday.

According to various Form 4s, the following Weight Watcher insiders have showed tangible interest in the stock:

• Director Sacha Lainovic: 83,125 shares at $12.04/share
• Director Denis Kelly: 10,000 shares at $12.69/share
• Director Christopher Sobecki: 50,000 shares at $12.20/share

Weight Watchers' latest earnings release was for Q4 2015 on February 25.

Related Link: Weight Watchers Posts Solid Gains On Oprah Tweet

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Stock On The Move

In pre-market trading Friday, Weight Watchers was up 1.5 percent following circulation of the insider buying news.

The climb continued in Friday's morning session, up roughly 6.9 percent at $15.01 at time of writing.

The recent activity comes on the back of bearish put sweep highlighted below:

Option Alert: WTW Apr 16 12.0 Puts Sweep: 587 @ ASK $1.55: 1463 traded vs 274OI: $12.23 Ref

However, it is worth noting that overall Weight Waters options activity is bullish, according to Benzinga Pro.