-

Not quite “to the moon” but WWE stocks go up 10% after r/wallstreetbets post

A post on the popular Wallstreetbets Reddit website shot up the WWE stocks by over 10% at time of this writing.

Just 9 minutes after trading opened, WWE stocks went up to $70.72, a 52-week high but has now settled in the mid-60s. The spike came after an r/wallstreetbets user posted an up-beat story, titled ‘$WWE – Can you S.M.E.L.L. what the stock is cooking?‘ about WWE stocks with a lot of financial and historical data, urging fellow investors to buy WWE stocks.

WWE stocks closed the day yesterday at $58.15 and then opened at $63.01 with the opening bell. The spike pushed WWE’s market cap to $4.44 billion at time of this writing.

The Reddit Wallstreetbets forum is popular for promoting meme stocks, sending GameStop, AMC, and other stocks “to the moon”…and back.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
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!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

CM Punk to join Ariel Helwani on Monday for “no holds barred” live interview

CM Punk will be on The MMA Hour with Ariel Helwani next Monday live in studio for his first...

NXT rating for 03/26/2024

NXT this week drew 601,000 viewers, up 32,000 viewers from the prior week. The show had a 0.17 rating...

WWE Speed to debut on X on April 3

The WWE Speed weekly show which will air exclusively on X will start next week on Tuesday, April 3. Speed...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading