WWE suffered a rough financial day yesterday (Thurs. November 8, 2018). The professional wrestling company’s stock dropped over six percent, as it fell to by a margin of $5.21. Now, company stock is at $70.07 per share.
Initially, the WWE stock fell after WWE’s controversial trip to Saudi Arabia for Crown Jewel. After the show, the stock began to make a steady climb back up. After the fall it suffered yesterday, however, WWE’s stock is right back where it was after Crown Jewel. With that being said, WWE has not had a very good past two months mathematically.
The company’s market capitalization fell over $1.5 billion. Obviously, none of this is good, but with WWE’s stock currently sitting at $70.07 per share, that’s far greater than where it stood at the beginning of the year. 2018 has been a big year for WWE, whose 52-week low is currently at $26.91.