As we reported yesterday, many top level WWE Executives opted to sell over $160 million in WWE Stock. Some of the notable names on that list included Triple H and Stephanie McMahon, but most note worthy was the over $10 million in shares that Kevin Dunn sold.
Ever since WWE’s announcement of their huge deal with FOX, company stock prices have been steadily rising. With WWE stock prices closing yesterday at roughly $82 per share, many of those within the company chose to cash out and take advantage of the record high. It should be pointed out that this is nothing new, Vince McMahon did the same thing earlier in the year to fund his new project in Alpha Entertainment and the XFL.
You can check out coverage of WWE’s stocks and sales from yesterday on the segment from Mad Money embedded below.
It is not known if any of the Executives who opted to cash out some of their stock yesterday have plans to fund any personal project of their own, or if this was just an opportunity to take advantage of high stock prices.
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