12/18 WWE Stock Track – Growth until Friday downturn

WWE realized nice gains this week, but a late downturn in the overall stock market on Friday affected WWE’s week-to-week growth.

WWE STOCK TRACK

– Monday, Dec. 14: Closing Price of $16.09 per share, up one percent from Friday’s close.

The stock dipped as low as $15.82 per share, which was the last time under $16 this week.

– Tuesday, Dec. 15: Closing Price of $16.71 per share, up four percent from Monday’s close.

This was WWE’s date of record for their quarterly dividend. However, anyone who bought shares on Tuesday would not be entitled to a dividend payment since WWE declared an ex-dividend date of last Friday, December 11.

– Wednesday, Dec. 16: Closing Price of $17.47 per share, up 4.5 percent from Tuesday’s close.

The stock climbed as high as $17.68 per share, the highest point since December 1.

– Thursday, Dec. 17: Closing Price of $17.45 per share, about even with Wednesday.

The stock reached as high as $17.77 per share.

– Friday, Dec. 18: Closing Price of $17.20 per share, down 1.5 percent from Thursday’s close.

The stock was trading above Thursday’s closing price until late on Friday when the stock fell in the last two hours of trading.

This appears to be the result of late afternoon economic concerns affecting the overall market. The Dow was down 2.1 percent and the NASDAQ was down 1.6 percent.

CNBC reported: “With Friday’s late afternoon decline in stocks, the major U.S. averages wiped out gains for the week. Trade volume Friday was the second-highest of the year.”

Overall, though, WWE ended the week a dollar-and-a-half higher (8 percent) than last Friday at $15.87 per share.

Updated 2015 Scoresheet

• 2015 High – $23.63 (Aug. 6)
• 2015 Low – $9.82 (Jan. 20 – 52-week low)
• 52-Week Range – $9.82-23.63
• Current Market Value – $1.31 billion (up from $1.20 billion last week)