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WWE stock drops nearly seven percent in one day

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WWE stock drops nearly seven percent in one day

Yesterday WWE had a rough day financially. The company’s stock dropped over six percent, falling $5.21. Currently, company stock sits at $70.07 per share. The price initially fell around the same time as WWE’s controversial trip to Saudi Arabia for their Crown Jewel event.

However, the price steadily began to improve over the next week. The fall suffered yesterday, however, essentially puts it back to where it had fallen after Crown Jewel. Mathematically, WWE has lost over $1.5 billion in market capitalization over the past two months. That’s definitely not good news, but the fact remains that WWE’s current price at $70.07 per share is far greater than where it was at the beginning of the year.

2018 has still been a gain year for WWE, whose current 52-week low is currently at $26.91.

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