WWE stocks hit all-time record high during Friday’s session

WWE smashed its all-time high on Wall Street yesterday, hitting $109.80 during the trading day before closing the week at $109.35.

The stock has climbed almost 30% in a month and after a few days down following the Endeavor merger deal announcement, stocks rocketed to new heights since then.

The price gives WWE a market cap of $7.91 billion so far, still just over $1 billion from what Endeavor valued it in their $9 billion+ merger. Two weeks ago, Morgan Stanley upgraded WWE to a “overweight.”

Once the Endeavor transaction is finalized, WWE will be merged with the UFC on Wall Street and will trade under the symbol TKO on the New York Stock Exchange. The new name of the parent company is expected to be announced soon.

Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

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


Jonathan Gresham removed from scheduled Slammiversary match

Jonathan Gresham has been pulled from the TNA Slammiversary pay-per-view for tonight with TNA announcing he is unable to...

MJF to defend AEW International title in CMLL on August 2

New AEW International champion MJF will be making his CMLL debut next month when he defends his title on...

Slammiversary 2024 live on pay-per-view tonight

Live tonight from the sold-out Verdun Auditorium in Montreal, Quebec, Canada, TNA Wrestling presents Slammiversary 2024 on pay-per-view. The...

Discover more from Wrestling-Online.com

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

Continue reading