6/24 WWE Stock Track – Brexit buzz-kills WWE’s big week

By James Caldwell, PWTorch assistant editor


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

WWE Stock Track 2016
Week 24 – June 20-24

WWE’s stock price climbed to a year-high early in the week, but suddenly fell back to earth on Friday as the global markets reacted negatively to “Brexit” – the U.K. voting to leave the European Union.

Monday, June 20: The day after the Money in the Bank, the stock price skyrocketed.

WWE peaked at $19.72 per share, the highest point in eight months dating back to October 28, 2015.

However, the stock closed below $19 at $18.88 per share, up slightly from Friday’s close of $18.56 per share.

Tuesday, June 21: The stock again climbed above $19 per share, peaking at $19.20.

However, the stock closed at $18.66 per share, down from Monday.

Wednesday, June 22: The stock again climbed above $19 per share, peaking at $19.02.

However, the stock closed at $18.51 per share, down from Tuesday and below last week’s closing price.

Thursday, June 23: The stock again climbed above $19 per share, peaking at $19.09 per share.

This time, WWE closed above $19 at $19.08 per share, the highest closing price in eight months going back to October 2015.

And then WWE’s market value fell off on Friday…

Friday, June 24: WWE closed at $18.18 per share, down nearly one dollar (4.7 percent) from Thursday.

The stock fell as low as $18.01 per share. The peak price was $18.49 per share. WWE closed at $19.08 per share on Thursday, but the market was already way down in pre-trading hours from the Brexit news in the U.K. that WWE opened much lower than Thursday’s close of $19.08.

The overall stock market fell 3.4 percent in the Dow and 4.1 percent in the NASDAQ, so WWE was in-line with the broader declines.

WWE is now valued at $1.38 billion, down from $1.41 billion to close last week after Friday knocked out their big early-week gains.

***

2016 WWE STOCK SCORESHEET

  • 2016 Open: $17.44 per share
  • Latest Close: $18.56 per share (6/17)
  • Current 52-Week Range: $13.15-23.63
  • 2016 High Points: $19.72 (6/20), $19.20 (6/21), $19.09 (6/23), $19.02 (6/22)
    • Pre-June 20 Week: $18.99 (6/16), $18.93 (3/17), $18.86 (4/4), $18.85 (6/17), $18.82 (5/11), $18.42 (1/26)
  • 2016 Low Points: $14.20 (2/11); $15.55 (4/12)
  • 2016 Initial Market Value: $1.34 billion
  • Current Market Value: $1.38 billion (6/24)
  • 2016 Market Value Low Point: $1.11 billion (Week of 2/8)
  • 2016 Market Value High Points: $1.45 billion (Week of 6/20), $1.41 billion (6/16 & 6/17), $1.39 billion (Week of 3/28)
  • Feb. 11: Financial Day #1 Milemarker (Q4 & 2015 Year-End) – $14.94 closing price (down 5.1% from previous day)
  • May 10: Financial Day #2 Milemarker (First Quarter 2016) – $17.43 closing price (up 2.2% from previous day)
  • June 16: WWE announces China initiative – $18.99 year-high stock price; $1.41 billion market value
  • June 20: Year-high Stock Price of $19.72 per share
  • June 23: First time closing above $19 since October 2015

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