-

WWE stocks lose 3.74% in value after Friday’s press release

WWE stocks took a 3.74% dive today, ending the day at 9.78 a piece after on Friday WWE lowered their outlook for the rest of 2013.

The press release that warned investors of an approximate 5% reduction in second half revenue expectations was sent after the market closed on Friday so the effect was felt today as soon as the market opened. On Friday WWE stocks closed the day at $10.16.

Interesting to note is that Stephanie McMahon sold 107,487 WWE shares since September 3, making a total of $1,091,579 in the process.

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

Young Rock S1 E11 rating

Young Rock's season one finale, titled Election Day, disappointed in the TV ratings and drew a season low of...

Variety honors Stephanie McMahon in 2021 New York Women’s Impact Report

WWE Chief Brand Officer Stephanie McMahon was honored by Variety in their 2021 New York Women's Impact Report. The...

Number one contender’s match for AEW World title set for Dynamite

The number one contender for Kenny Omega's AEW World title will be decided next week on Dynamite.The match will...
spot_img