WW International (NASDAQ: WW) was going through quite a slimdown this week, at least as far as its stock was concerned.

Investors traded out of the WeightWatchers parent company following a downbeat note from a researcher, and the introduction of a competing product from a top healthcare company. According to data compiled by S&P Global Market Intelligence, the stock had lost over 22% of its value week to date as of early Friday morning.

The new year didn't start off well for WW International. On Tuesday, the first trading day of 2024, initiated coverage on the stock with an underweight (read: sell) recommendation at a price target of $8 per share.

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Source Fool.com