WWE Stock Drops To Lowest Point Since Their Recent Big Rise
WWE saw their stock fall to its’ lowest point since the big rise, dropping $1.50 per share today to close at $18.83 per share, the day after the company released their financials. By all accounts, yesterday’s results were better than projected by company guidance.
It should be noted, however, that releases today showed almost all core business metrics, with the exception of the WWE Studios movie division, down in profitability, even those that seemed stronger yesterday since they showed overall revenue increases. This means the profit decline was more than just losses suffered due to the launch of the WWE Network.