3/24 WWE Stock Track – WWE dips below $17, TV analyst says buy Time Warner over WWE

By James Caldwell, PWTorch assistant editor


SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)...

WWE Stock Track 2016
Week 12 – March 21-24

Friday, March 25: The stock market is scheduled to close in observance of Good Friday.

Thursday, March 24: Closing Price of $17.12 per share, down one percent from Wednesday.

The week closed with another slight drop-off, matching the results from Monday, Tuesday, and Wednesday.

The stock fell as low as $16.94 per share, the first time under $17 since March 2.

Also notable on Thursday is that popular TV financial analyst Jim Cramer balked at WWE when asked about entertainment industry stocks. Ironically, Cramer picked Time Warner – the former parent company of WCW, which WWE bought 15 years ago this week – over WWE in a head-to-head comparison.

‘World Wrestling is a checkered company and sometimes I think what you want to do is buy best of breed. World Wrestling versus Time Warner, how about that? Buy Time Warner,” Cramer said on “The Street” financial TV show.

Wednesday, March 23: Closing Price of $17.35 per share, down one-and-a-half percent from Tuesday.

The pattern continued of less than one percent, one percent, and more than one percent declines the first three days of the week.

Tuesday, March 22: Closing Price of $17.62 per share, down one percent from Monday’s close.

Monday, March 21: Closing Price of $17.83 per share, down about one percent from last Friday’s close.

2016 WWE STOCK SCORESHEET

  • 2016 Open: $17.44 per share
  • Latest Close: $17.12 per share (3/24)
  • Current 52-Week Range: $13.01 – 23.63
  • 2016 High Points: $18.93 (3/17), $18.42 (1/26)
  • 2016 Low Point: $14.20 (2/11); $15.66 (2/10)
  • 2016 Initial Market Value: $1.34 billion
  • Current Market Value: $1.30 billion (3/24)
  • 2016 Market Value Low Point: $1.11 billion (Week of 2/8)
  • 2016 Market Value High Point: $1.36 billion (Week of 1/25, Week of 3/14)

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