Following a successful WrestleMania, record breaking gate, and 1.3 million subscribers to the WWE Network, Wall Street was still not happy and drove WWE stocks 15% in the red.
Just like what happened last year when the company announced the WWE Network subscribers count the day after Mania, investors were quick to sell off immediately as the news hit that “only” 1.3 million subs have the WWE Network. Last year, stocks went down more than 15%, nearly 50% to be exact.
Stocks closed the day at $14.09, a 14.74% decrease over Friday’s closing. Stocks hit a day low of $13.75 after opening at $17.44.