5/17 WWE Stock Track – How did the market respond to VKM selling shares?

WWE Stock Track 2016
Week 19 – May 16-20

– Monday, May 16: Closing Price of $17.91 per share, virtually even with $17.93 to close out last week.

It was a seemingly ho-hum start to the week on light trading volume.

– After-hours, May 16: After the market closed, WWE filed an SEC disclosure that Vince McMahon disposed of more than 2.0 million shares of stock through his trust for estate planning purposes.

The stock fell 3.7 percent to $17.25 per share.

– Tuesday, May 17: WWE’s stock price was knocked down before the market opened and finished at $17.07 per share, down 4.7 percent from Monday.

The stock dipped as low as $16.63 per share Tuesday morning on very high trading volume. However, the market evened out in the afternoon for WWE to finish above $17 per share.

WWE is now valued at $1.30 billion, down from $1.36 billion on Friday.

2016 WWE STOCK SCORESHEET

• 2016 Open: $17.44 per share
• Latest Close: $17.07 per share (5/17)
• Current 52-Week Range: $13.15-23.63
• 2016 High Points: $18.93 (3/17), $18.86 (4/4), $18.82 (5/11), $18.42 (1/26)
• 2016 Low Points: $14.20 (2/11); $15.55 (4/12)

• 2016 Initial Market Value: $1.34 billion
• Current Market Value: $1.30 billion (5/17)
• 2016 Market Value Low Point: $1.11 billion (Week of 2/8)
• 2016 Market Value High Point: $1.39 billion (Week of 3/28)

• Feb. 11: Financial Day #1 Milemarker (Q4 & 2015 Year-End): $14.94 closing price (down 5.1%)
• May 10: Financial Day #2 Milemarker (First Quarter 2016): $17.43 closing price (up 2.2%)