WWE Stock Falls Nearly 7% In One Day As They Still Try To Rebound From CROWN JEWEL

WWE Stock Falls Nearly 7% In One Day As They Still Try To Rebound From CROWN JEWEL

The Crown Jewel PPV in Saudi Arabia ended up hurting WWE's stock but just as the company started to recover, it's been revealed that it took another hit yesterday for reasons which aren't clear. Check it out!

By JoshWilding - Nov 09, 2018 06:11 AM EST
Filed Under: WWE
Yesterday was not a good day for WWE financially. The company's stock dropped over 6%, a fall of $5.21. As of right now, company stock is sitting at $70.07 per share and the price initially fell around the same time the company travelled to Saudi Arabia for the Crown Jewel PPV (which you'd think would have made WWE stop and think about just how valuable that relationship really is to them). 

It did, however, improve after that but this fall takes them right back to where they started and WWE has mathematically lost over $1.5 billion in market capitalization over the past two months. 

That definitely not good news but $70.07 is still well above where the company was at the start of 2018 and it has been 
a gain year for WWE overall. As a result, they're probably not too worried but there's a good chance company execs are trying to figure out what went wrong over the past few weeks. 
About The Author:
JoshWilding
Member Since 3/13/2009
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