8/5 WWE Stock Track – Lull Week post-Financial Reporting

By James Caldwell, PWTorch assistant editor


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

WWE Stock Track 2016
Week 29 – Aug. 1-5

Monday, August 1: Closing Price of $19.40 per share, down two percent from last Friday’s close of $19.75.

It was apparent to start the week that the stock market was not going to be bullish on WWE the week after their financial report…

Tuesday, August 2: Closing Price of $19.20 per share, down one percent from Monday to the lowest closing price in nearly one month going back to July 7.

Wednesday, August 3: Closing Price of $19.55 per share, rebounding two percent from Tuesday.

It looked like another downturn, as the stock fell below $19 to $18.87 per share, but had a big rally at the end of the day.

It was the first time below $19 since July 7.

Thursday, August 4: Closing Price of $19.65, up a tick from Wednesday on low trading volume.

Friday, August 5: Closing Price of $19.86 per share, up one percent from Thursday.

WWE ended up finishing the week slightly better than last Friday’s close of $19.75 per share.

The stock did not reach $20 during the week, though, staying below pre-Financial Day levels.

 

***

2016 WWE STOCK SCORESHEET

  • 2016 Open: $17.44 per share
  • Latest Close: $19.86 per share (8/5)
  • Current 52-Week Range: $14.20-23.63
  • 2016 Q3 High Points: $21.19 (7/12), $20.46 (7/11), $20.39 (7/18)
    • June 20 Week: $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)
  • 2016 Low Points: $14.20 (2/11); $15.55 (4/12)
  • 2016 Initial Market Value: $1.34 billion
  • Current Market Value: $1.52 billion (8/5)
  • 2016 Market Value Low Point: $1.11 billion (Week of 2/8)
  • 2016 Market Value High Points: $1.55 billion (7/11)

***

2016 WWE STOCK KEY DATES

  • 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
  • July 8: New 2016 high-point of $19.80 per share
  • July 11: First time closing above $20 since October 2015; new 2016 high-point of $20.63 per share
  • July 12: New 2016 high-point of $21.19 per share
  • July 28: Financial Day #3 Milemarker (Second Quarter 2016) – $19.75 per share (nearly identical to $19.74 previous day)

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