Business is booming for WWE under the company’s new regime, with stock in the company the highest it has been in years.
In July this year, Vince McMahon retired from all roles with the company following allegations of million-dollar payouts in non-disclosure agreements.
Brandon Thurston of Wrestlenomics reports that WWE stock reached $79 this week, the highest since 2018.
$WWE is up again today, outperforming indexes, currently at $79 per share, $5.88B market cap. Now its highest share price since overvaluations following the 2018 U.S. TV deal started to burst. pic.twitter.com/jISJR9NnJ4
— Brandon Thurston (@BrandonThurston) October 26, 2022
The last time shares in the company were this high, it was due to lucrative deals being signed with the USA Network and FOX.
Despite his retirement, McMahon holds 28.7 million shares of WWE stock, which was worth $1.89 billion when he retired and reached $2.27 billion this week.
