Shares of WW International (NASDAQ: WW) slid in pre-market trading at the time of writing on Thursday after the company announced that its former controlling shareholder Artal Group had sold its remaining minority stake in the company in a Rule 144 block trade.
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Artal purchased WW in 1999 from Heinz and had a controlling interest in WW from its initial public offering in 2001 through 2018.
Analysts remain sidelined about WW stock with a Hold consensus rating based on two Buys, three Holds, and one Sell.
