Connect with us
   
 

WWE

WWE stocks drop nearly 13% of value during trading day

Published

on

 

Despite beating Wall Street’s estimates with a rather strong quarter, WWE stocks were body slammed throughout the day and lost 12.83% of its value from yesterday’s closing.

Stocks closed the day at 17.39, a decrease of $2.56 from Wednesday’s closing. It had a high of $18.98 but it was clear from the start that things were not going to look good for WWE on the trading floor.

The tiny bump in Network subscribers combined with less average paying subscribers for the quarter and flat outlook for the fourth quarter in terms of subscribers, investors were not that impressed.

Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Advertisement

Get The WWE Network