At one point WWE’s stock was worth around $100 a share. It was then that Company Executives began unloading shares or large amounts.
There had been concerns that WWE’s stocks would take a big hit following this recent incident in Saudi Arabia, and news of troubles with their big money deal with The Kingdom of Saudi Arabia as well.
This morning WWE Stock opened at $54.61 a share. By 10 am, price had dropped about $2 a share down to $53.54, with a low of $52.86 at one point. Stocks were down -$2.42, which was a 4.32% drop in two hours.
As more news continues to come out about this, and rumors of Saudi Arabia possibly trying to get out of the deal, it will be interesting to see if the stocks continue to trend downward.
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