WWE BUSINESS: WWE shares take an unexpected tumble on Wall Street

Posted on 5/18/123 by Colin Vassallo

WWE shares took a tumble on Wall Street
yesterday, dropping 7.29% on a day where
most of the tickers were of the color
green instead of red.

The 7.29% drop led to a deduction of
$7.93 from its share price, with WWE
ending the trading day at $100.91, the
lowest it’s been in over a month.

It’s unknown what caused the sharp drop
which started at around 10:40AM
according to a graph published on
MarketWatch. It actually bottomed out at
$99.70 at 11:14AM before it started
climbing back up slowly to $104. It
starting falling back down at 2PM before
closing at $100.91 at 4PM.

In after hours trading, the shares
finished at $101.40, or up 0.49% over
the day’s closing.

(EDITOR'S NOTE: Coincidence or not,
this drop occurred right around the time
of the Warner announcement of

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