A very bad week for stocks overall combined with a less-than-ideal Q3 2018 earnings report took a major hit on WWE stocks as they closed the day down 6% and then nearly 2% more down in after hours trading.
Stocks closed on Friday at $69.78 but then went even further down to $68.47 in after-hours. In just one month when WWE was trading at $97, WWE lost 30% of its value and nearly $2 billion in market cap. After yesterday’s closing, WWE was valued at $5.9 billion.
It wasn’t just WWE who suffered big losses on the stock market though as Amazon for example had $200 billion wiped from its value in just six weeks and other companies such as Facebook, Apple, and Microsoft also took a big hit.