It’s been another day since WWE announced their decision to go through with their WWE Crown Jewel pay-per-view event in Saudi Arabia, and they’re seeing the consequences. WWE stock dropped $5.87 during trading hours today. It now sits at $69.78 per share, and signifies quite the drop for WWE stockholders. Slightly over a month ago the stock was over $90, so it has dropped more than $20 in a short timespan.
If you do the math, the company has lost over $1.5 billion in market capitalization in the past month. While that is never good news, the $69 dollars that the stock currently sits at is still far higher than where it stood at the beginning of the year. WWE is still be looking at a huge gain in 2018 as its current 52-week low sits at $21.22.
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