1/15 WWE Stock Track – Weekly Trend, WWE added to stock market index, U.S. News report

By James Caldwell, PWTorch assistant editor


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WWE was added to the SmallCap 600 stock index this week, but shares went up and down in the two days following the news.

Plus, the popular U.S. News & World Report publication published an overview of WWE’s business, looking at why one investor might like WWE looking at one big metric, but another investor might be concerned when looking at another big metric. It’s the tug-and-pull of WWE’s business model until they product substantial WWE Network results to trump all other metrics, such as sagging TV ratings.

WWE Stock Track 2016
Week 2 – January 11-15

– Friday, January 15: Closing Price of $16.80 per share, about even with $16.73 on Thursday.

It was another big trading day, producing a range of $16.15 to $17.06 per share.

The weekly result was WWE finishing up at $16.80 after starting the week at $16.43 per share.

Thursday, January 14: WWE officially jumped 4.5 percent to a closing price of $16.73 per share from Wednesday’s close of $16.10.

The net result was actually a loss, as WWE hit $16.87 after-hours on Wednesday, but landed at $16.73 on Thursday.

There was a huge surge in trading volume, as WWE registered 1.472 million shares bought and sold. Trading volume for a typical day is about one million less than Thursday.

After-Hours Wed., Jan. 13: After WWE’s stock price tumbled on Wednesday, the stock shot back up 4.8 percent after-hours to $16.87 per share.

This was due to a late announcement that WWE will be replacing another company in the SmallCap 600. Investors started buying shares after WWE gained inclusion in the stock index.

The index’s description reads: “The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.”

Wednesday, January 13: Closing Price of $16.10 per share, down four percent from Tuesday.

It was a wild day of trading, as the stock climbed as high as $17.18 per share, but fell as low as $15.78 per share by the end of the day.

This coincided with a bad day for the overall stock market, as the Dow fell two percent and the NASDAQ fell more than three percent.

Tuesday, January 12: Closing Price of $16.78 per share, up two percent from Tuesday. The stock peaked at $16.83.

Monday, January 11: Closing Price of $16.43 per share, up about a percent from Friday’s close of $16.30.

2016 WWE STOCK SCORESHEET

  • 2016 Initial Market Value: $1.34 billion
  • 2016 Open: $17.44 per share
  • Current 52-Week Range: $9.82 – 23.63
  • 2016 High Point: $18.29 (1/4)
  • 2016 Low Point: $16.00 (1/8)
  • Current Market Value: $1.28 billion

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