-

Wall Street continues to pound on WWE stocks

Investors continued to lay the smackdown on WWE stocks as the company lost a further 4.5% of its price in the first couple hours of trading today. Since late last week, WWE shed a whopping 30% of its value in a bloodbath that shows no signs of stopping.

Things will most likely get even worse later on in the week as WWE presents its Q4 and 2019 full year results. They already lowered the outlook and Vince McMahon will get to face investors during the conference call and this time he won’t have his once-trusted co-Presidents with him.

George Barrios and Michelle Wilson, two of the most powerful people in the WWE, were fired last week by the Board of Directors. The news sent the stock down 24% by the end of the week.

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

The Young Bucks #1 in the PWI Top 50 Tag Team list

Former AEW Tag Team champions The Young Bucks topped this year's Pro Wrestling Illustrated's Top 50 Tag Team list.Matt...

5 reasons why you should join an online casino

If you were used to going to the brick-and-mortar casinos, you might still be on the fence on whether...

D-Von Dudley to undergo back surgery

During his latest podcast Table Talk, WWE producer and former WWE Tag Team champion D-Von Dudley revealed that he...
sports betting site betway