-

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

LATEST NEWS

Iyo Sky writes heartfelt post to Kairi Sane after release

Iyo Sky wrote a heartfelt message on social media directed at Kairi Sane, who was surprisingly released from her...

AEW trademarks the term Royal Redemption

AEW has trademarked the term Royal Redemption in what seems to be the name of a yet-to-be announced pay-per-view...

Another stipulation added to AEW Tag Team title match at Double or Nothing

The AEW World Tag Team title match at Double or Nothing has another stipulation attached to it. Last night on...

Discover more from Wrestling-Online.com

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

Continue reading