Wall Street investors were busy laying the Smackdown on WWE stocks today as the Q1 2019 earnings drove company stocks down a whopping 14% at time of this writing.
Things went bad from the word go as WWE stocks started trading at $90, down $8 from yesterday’s closing. It took a hit during the pre-market trading which continued throughout the day and at one point reached nearly 15% in the negative. Stocks continue to slide and are trading at mid $84s at the moment.
WWE missed all projections in the past quarter and reported worse numbers than originally expected by investors.