For a brief moment, WWE stock shot up to almost $32 a piece at around 2PM after rumors of a takeover by AMC Networks.

Fifteen minutes later stocks went back down to its current place hovering above the $29 mark but the $31.98 it reached at 2PM presented a new all-time high for the company.

The rumor of a takeover by AMC Networks came out of nowhere and the only link between the two companies is their negotiation for WWE television rights as AMC is one of the networks interested in bringing WWE television to their portfolio.