{"id":19014,"date":"2016-05-11T16:39:54","date_gmt":"2016-05-11T21:39:54","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=19014"},"modified":"2016-05-11T16:39:54","modified_gmt":"2016-05-11T21:39:54","slug":"511-wwe-stock-track-wwe-nears-2016-high-point-financial-report","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/05\/11\/511-wwe-stock-track-wwe-nears-2016-high-point-financial-report\/","title":{"rendered":"5\/11 WWE Stock Track &#8211; WWE nears 2016 high-point after financial report"},"content":{"rendered":"<div id=\"pwtor-3802227596\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p><strong>WWE Stock Track\u00a02016<br \/>\n<\/strong><strong style=\"line-height: 1.5;\">Week 18 &#8211;\u00a0May 9-13<\/strong><\/p>\n<p>&#8211;\u00a0<strong>Wednesday, May 11:\u00a0<\/strong>WWE&#8217;s stock price neared the highest point of 2016 the day after the company reported quarterly financial results.<\/p>\n<p>Investors liked WWE&#8217;s report enough to raise WWE by 3.7 percent on Wednesday.\u00a0WWE&#8217;s stock closed at $18.08 after finishing at $17.43 on Tuesday.<\/p>\n<p>The stock climbed as high as $18.82 per share, nearly reaching\u00a0the previous high of $18.93 in March.<\/p>\n<p>This was the highest the stock has been since reaching $18.86 on April 4, the day after WrestleMania when WWE released Network subscriber figures. The stock quickly fell off when investors were mixed when digesting the results.<\/p>\n<p>This time around, investors seem to be bullish on WWE&#8217;s stock after processing the\u00a0First Quarter earnings report.<\/p>\n<p>&#8211; <strong>Tuesday, May 10:<\/strong>\u00a0It was an interesting financial day for WWE reporting First Quarter 2016 earnings.<\/p>\n<p>The end result was a closing price of $17.43 per share, up two percent from Monday. It&#8217;s a sign of investor confidence since recent\u00a0quarters have resulted in big sell-offs indicating that\u00a0investors were\u00a0not confident in WWE&#8217;s business outlook.<\/p><div id=\"pwtor-1103008442\" class=\"pwtor-content pwtor-entity-placement\"><div align=\"center\" data-freestar-ad=\"__336x280 __336x280\" id=\"pwtorchcom_test_300x250\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x250\", slotId: \"pwtorchcom_test_300x250\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p>WWE wanted more, though.\u00a0The stock climbed as high as $18.25 and traded in the $18s for most of the afternoon before falling off in the final two hours to finish at $17.43.<\/p>\n<p>It was a disappointing finish for WWE, which was looking at 5-7 percent growth for most of the day until settling for two percent.<\/p>\n<p>The investment community was bullish on WWE after the financial report, looking at Q1-2016 having a solid quarter against Q1-2015, which included WrestleMania business. Investors also looked ahead to what should be a favorable Q2-2016 when this year&#8217;s WrestleMania business is reported.<\/p>\n<p>There still seems to be concern about WWE Network growth despite financial executive George Barrios&#8217;s bullish outlook during the quarterly conference call. WWE is predicting 1.5 million average paid subscribers when they report Q2, which would represent a significant increase from rounded 1.3 million in Q1.<\/p>\n<p>&#8211; <strong>Monday, May 9:<\/strong>\u00a0Closing Price of $17.06 per share, down half-a-percent from $17.13 last Friday.<\/p>\n<p>The stock fell as low as $16.80 per share during the morning trading session. After lunch, the stock climbed back to $17.20 before settling at $17.06 heading into Tuesday&#8217;s\u00a0First Quarter financial results.<\/p>\n<p><strong>2016 WWE STOCK SCORESHEET<\/strong><\/p>\n<ul>\n<li>2016 Open: $17.44 per share<\/li>\n<li><strong>Latest Close: $17.43 per share (5\/10)<\/strong><\/li>\n<li>Current 52-Week Range: $13.15-23.63<\/li>\n<li>2016 High Points: $18.93 (3\/17), $18.86 (4\/4), $18.82 (5\/11), $18.42 (1\/26)<\/li>\n<li>2016 Low Points: $14.20 (2\/11); $15.55 (4\/12)<\/li>\n<\/ul>\n<ul>\n<li>2016 Initial Market Value: $1.34 billion<\/li>\n<li><strong>Current Market Value: $1.30 billion (5\/9)<\/strong><\/li>\n<li>2016 Market Value Low Point: $1.11 billion (Week of 2\/8)<\/li>\n<li>2016 Market Value High Point: $1.39 billion (Week of 3\/28)<\/li>\n<\/ul>\n<ul>\n<li>Feb. 11: Financial Day #1 Milemarker (Q4 &amp; 2015 Year-End): $14.94 closing price (down 5.1%)<\/li>\n<li>May 10:<strong> Financial Day #2 Milemarker<\/strong> (First Quarter 2016): $17.43 closing price (up 2.2%)<\/li>\n<\/ul>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-2183515310\"><div id=\"pwtor-259308835\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>WWE Stock Track\u00a02016 Week 18 &#8211;\u00a0May 9-13 &#8211;\u00a0Wednesday, May 11:\u00a0WWE&#8217;s stock price neared the highest point of 2016 the day after the company reported quarterly financial results. Investors liked WWE&#8217;s report enough to raise WWE <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/05\/11\/511-wwe-stock-track-wwe-nears-2016-high-point-financial-report\/\" title=\"5\/11 WWE Stock Track &#8211; WWE nears 2016 high-point after financial report\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":1239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[71,1710,689,2326,236,706],"class_list":["post-19014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_wwe","tag-wwe","tag-wwe-earnings","tag-wwe-financials","tag-wwe-q1-2016","tag-wwe-stock","tag-wwe-stock-track"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/WWELogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/19014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=19014"}],"version-history":[{"count":1,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/19014\/revisions"}],"predecessor-version":[{"id":19015,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/19014\/revisions\/19015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=19014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=19014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=19014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}