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WWE News: Here we go again - WWE stock price plunges to start the week

Dec 1, 2008 - 3:28:54 PM
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By James Caldwell, PWTorch columnist

Two weeks ago was a bad week with a 29.3 percent drop in WWE stock value. Last week was a good week with a 16.3 percent gain back.

This week is starting like another bad week of WWE stock trading, as the price of WWE stock dropped 8.7 percent from Friday's close.

The price settled at $10.62 for the close after reaching $10.60 in late afternoon trading. The price was at $11.63 on Friday after building back toward a respectable $12 level throughout the week.

Caldwell's Analysis: Unfortunately, the overall stock market plunged on Monday to the tune of a 7.7 percent loss based on a report coming in that the U.S. economy has officially been in a recession. This should have come at the shock of no one, but an official word on the state of the economy sent the market into short-term panic mode.

RELATED STORY at PWTorch.com: Weekly Stock Analysis for last week.


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