WWE’s stock is defying market trends.
Per CNBC, after hitting a share price of $76.90, WWE’s market capitalization is now more than $5.6 billion. The company’s stock hit a 52-week high today and is trading at levels not seen in over three years. Furthermore, this valuation marks an increase of more than 50% in 2022, a shining comparison when put against The S&P 500 which is down more than 20% this year.
The report notes the return to live shows as a contributing factor to the aforementioned highs, while also praising the stock’s stability during a summer that saw Vince McMahon announce his retirement after it was learned that he had paid nearly $20 million in previously unrecorded expenses.
Stephanie McMahon has since been appointed as chairwoman and co-CEO alongside Nick Khan, while Triple H has taken over as Head of Creative.
Kevin Nash recently spoke about the backstage sentiment now that Triple H is in charge. You can read his comments here.
If you enjoy Bodyslam’s content, you can help donate to the site here. You can also visit our PWTees store and buy Bodyslam official merchandise here.
You can listen to all of Bodyslam’s podcasts by following us on Spotify and subscribing to our YouTube Channel, or any of your favorite podcast platforms.
