It was a rough day for World Wrestling Entertainment financially. WWE stock dropped over 6% today, as it went down $5.21. The stock now sits at $70.07 per share. The price had fallen around the time of WWE’s controversial Crown Jewel pay-per-view, but had slowly improved over the past week. However, this fall essentially takes it back to where it had fallen.
If you do the math, the company has lost over $1.5 billion in market capitalization in the past two months. While that is never good news, the $70 dollars that the stock currently sits at is still far higher than where it stood at the beginning of the year. WWE is still be looking at a huge gain in 2018 as its current 52-week low sits at $26.91.
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