Last night WWE got crucified by HBO’s Last Week Tonight for doing business with Saudi Arabia, and they’re seeing the consequences for their business deal in spite of positive PR from WWE Evolution. WWE stock dropped $3.62 during trading hours today. It now sits at $66.16 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 $66 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 $24.60.
With WWE stock down another 5%, how low do you think it will go? Let us know in the comments below.
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