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WWE Stock Takes Major Hit

Posted By: Thomas Lowson on Oct 11, 2018

WWE Stock Takes Major Hit

The share price of WWE stock has dropped dramatically over the past couple of days, falling from its record $91 high.

As of writing, the price is $82.68 per share, with the company losing nearly $1.25 billion in market capitalization. 

The drop is notable as WWE hasn't made any corporate announcements recently, which usually affects the price.

Over the past year, stock in the company has quadrupled in value, thanks in part to the Saudi Arabia deal and the move of SmackDown to FOX, which will take place next year.

According to wrestling financial expert Chris Harrington, a $60 share value is a realistic long-term stock price. 

Source: New York Stock Exchange Tags: #wwe
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