Maybe because they suspected Jessica Simpson was pregnant?
Seriously, Credit Suisse has a report out on WTW today (maybe yesterday), and I quote "Given the
recent pullback following the unconfirmed reports about Jessica Simpson’s pregnancy, ..." And CS likes WTW.
And there hasn't been a lot of insider selling. Just a little option activity, with offsetting buys and sells.
At the start of 2012, officers of WTW owned approximately 1% of the stock of WTW; they still do. Artal Group, which was involved in the original LBO of Weight Watchers from Heinz and which is still the company's controlling shareholder, owned 52% of WTW shares. It still owns the same percentage. Aside from Morgan Stanley and Fidelity Investments, no one owned 5% of WTW shares.
In April, WTW did a dutch auction self-tender and bought back 18.5 million of its shares. Artal had agreed to keep its percentage ownership in WTW flat with the 52% ownership. So it sold 9.5 million shares back to the company. Public shareholders also tendered 9 million shares back to the company. Artal still owns 52% of the company.
So there hasn't been any % change in the ownership of WTW by insiders. I know that Yahoo shows insiders owning 1% and they list Artal separately as an institutional holder. But if you refer to insiders owning over 40% 6 or 8 months ago, you're referring to Artal because they are the only holder that ever owned that much WTW.