Oprah Winfrey sold about a quarter of the Weight Watchers stock she acquired in 2015 after losing weight with the program, making $110 million in the transaction.
Winfrey sold the stock over several days for between $58.29 and $63.94 a share for a profit of $110 million, USA Today reported. A statement from Winfrey said that the sale was intended to balance her investment portfolio, not to signal any lack of support for the company.
"I am deeply committed to Weight Watchers and continue to see a bright future for the company," Winfrey said, USA Today reported.
Winfrey bought 10 percent of the company's total stock in 2015 at a price of $6.79 per share along with stock options for another 5 percent at $6.97 a share, which she exercised earlier this month, USA Today reported.
Winfrey also donated a portion of the stock sale proceeds to the Oprah Winfrey Charitable Foundation, the filing stated, USA Today reported. She said she wouldn't be selling any more of her Weight Watchers stock this year.
The stock price has fluctuated slightly since her sale but was up 2 percent to $61.08 per share as of Wednesday afternoon. Shares nearly quadrupled in 2017 and were up 32 percent in 2018 as of Tuesday, according to Bloomberg.
A recent Golden Globes speech fueled speculation that Winfrey might run for president in 2020 and bumped up the stock price by 13 percent in January. The company is also in the midst of rebranding itself from a diet company to a health and wellness brand, CNN Money reported.
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