Following the news that Vince McMahon is returning to WWE as the Executive Chairman of the Board, the company’s stock went up.
At the time of this article, WWE’s stock currently sits at a share price of $88.40, up 22% from the previous day.
This marks the highest price that shares have been since April 2019, where at one point, the price was $96.71.
In mid-October 2020, the stock price decreased due to the market crash that happened as a result of the COVID-19 pandemic.
In a press release, McMahon’s return to WWE was officially announced this morning. In addition to McMahon, George Barrios and Michelle Wilson are once again members of the company’s board. Ignace Lahoud and Man Jit Singh, however, resigned from the board.
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