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WWE stocks hit new 52-week high on XFL announcement day

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WWE stocks hit a new 52-week high today on the announcement of the XFL, even though this will be a completely separate entity from the WWE that Vince McMahon is personally funding. Stocks hit $34.18 during the afternoon trading and eventually settled for $33.92 by the time the market closed.

WWE stocks have been performing well lately with high hopes of mega money coming from a new television deal. After today’s closing, WWE’s market cap stands at $2.58 billion.

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!

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