5/27 WWE Stock Track – did the market react to WWE’s big news week?

WWE Stock Track 2016
Week 20 – May 23-27

– Monday, May 23: Closing Price of $16.64, down 2.3 percent from Friday’s close.

– Tuesday, May 24: Closing Price of $17.12 per share, up 2.9 percent from Monday to regain Monday’s dip.

– Wednesday, May 25: Closing Price of $17.30 per share, up 1.0 percent from Tuesday.

Despite WWE making a big announcement of Smackdown going live on Tuesday nights this summer, there was hardly any stock market reaction. It captures investors rarely reacting to wrestling-related WWE news.

The range was $17.06 to $17.37 on quiet volume of about 250,000 shares bought and sold.

– Thursday, May 26: Closing Price of $17.43 per share, up less than a percent from Wednesday.

– Friday, May 27: Closing Price of $17.51 per share, up half-a-percent from Thursday.

WWE’s stock price did move much on Friday on light volume of about 250,000 shares bought and sold.

The slow increase throughout the week put WWE higher than last week’s finish of $17.03 per share and ahead of the 2016 open of $17.44 per share.

WWE is now valued at $1.33 billion.

2016 WWE STOCK SCORESHEET

• 2016 Open: $17.44 per share
• Latest Close: $17.51 per share (5/27)
• 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: $1.33 billion (5/27)
• 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% from previous day)
• May 10: Financial Day #2 Milemarker (First Quarter 2016): $17.43 closing price (up 2.2% from previous day)