WWE suffered a rough financial day yesterday (Thurs. November 8, 2018). The professional wrestling company’s stock dropped over six percent, as it fell to by a margin of $5.21. Now, company stock is at $70.07 per share.
Initially, the WWE stock fell after WWE’s controversial trip to Saudi Arabia for Crown Jewel. After the show, the stock began to make a steady climb back up. After the fall it suffered yesterday, however, WWE’s stock is right back where it was after Crown Jewel. With that being said, WWE has not had a very good past two months mathematically.
The company’s market capitalization fell over $1.5 billion. Obviously, none of this is good, but with WWE’s stock currently sitting at $70.07 per share, that’s far greater than where it stood at the beginning of the year. 2018 has been a big year for WWE, whose 52-week low is currently at $26.91.
The post WWE Stock Drops Over Six Percent In One Day appeared first on eWrestlingNews.com.
The post WWE Stock Drops Over Six Percent In One Day appeared first on Viral Hug.