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WWE loses 30% of its value on Wall Street in one month

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.

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!

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