It was a rough day for World Wrestling Entertainment financially. WWE stock dropped over 5% today, as it went down $3.68. The stock now sits at $61.82 per share. The past month had been rough for WWE stock, as the price had fallen around the time of WWE’s controversial Crown Jewel pay-per-view, but had slowly improved afterwards. However, more stock drops happened going into Survivor Series, and today wasn’t any kinder to shareholders..
If you do the math, the company has lost over $1.5 billion in market capitalization in the past two and a half months. While that is never good news, the $61.82 dollars that the stock currently is 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 $27.23, although it’s nowhere near its high of nearly $100 per share.
