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Tag: WWE stock

  • WWE Stock Surges Amid Budget Cuts & WallStreetBets Spotlight

    WWE Stock Surges Amid Budget Cuts & WallStreetBets Spotlight

    WWE stock is up 17% this morning following a trending post on Reddit’s WallStreetBets subreddit. A thread on the platform has identified WWE as having potential due to the return of live events, video game sales, recent talent cuts, and rumors of a potential sale.

    Brandon Thurston of Wrestlenomics has been following the developing situation.

    Shortly after the market opened this morning, WWE stock rose 17%.

    The stock got up as high as 20% but then fell back.

    Thurston believes Vince McMahon has made $300 million today:

    Why Is WallStreetBets Interested In WWE Stock?

    3 key reasons have been listed as to why WallStreetBets is taking an interest in WWE. The first is the company’s pending return to live touring.

    “WWE will resume touring. Despite this revenue being missing in 2020, they managed to haul in nearly a billion dollars. So the second half this year, and all of next year, is going to be pretty good. Not only will revenues be driven up, but fan engagement and brand appeal will go up as well,” the author wrote.

    Also a factor in WallStreetBets’ interest, is WWE video game sales.

    “WWE Supercard is Take Two Interactive’s (a $52b company) highest grossing mobile game, and it’s growing at around 23% YOY. A lot of that money will flow into WWE. WWE also sells rights to other titles. As video games continue to grow, so to does WWEs revenue,” the author continued.

    Finally, rumors of possible sale are also driving interest in WWE stock on WallStreetBets.

    “About a week ago, WWE cut some talent assets. Some apparently important guy tweeted that it’s likely due to them cutting costs and preparing for an acquisition,” the author wrote.

    Cameron Grimes has yet to release an official statement on the matter.

  • WWE Announces Next Annual Stockholders Meeting

    WWE® Annual Meeting of Stockholders Date Announced

    STAMFORD, Conn., Mar 16, 2015 (BUSINESS WIRE) — WWE WWE, -2.84% announced it will hold its Annual Meeting of Stockholders at 10:00 a.m. ET on Thursday, April 23rd, 2015, at the Stamford Hilton. Registration will begin at 9:00 a.m. ET.

    Hilton Stamford Hotel, Ballroom 3
    One First Stamford Place
    Stamford, CT 06902

    The record date for voting at the meeting was set as the close of business on February 27, 2015. The meeting will be limited to stockholders (or their authorized representative) having evidence of their WWE stock ownership. Attendees are asked to obtain an admission ticket in advance by providing proof of their ownership by April 10th to:

    WWE, Inc.
    1241 E. Main Street
    Stamford, CT 06902
    Attention: Corporate Secretary

  • WWE Stock Surges 20% After WWE Network Reaches 1 Million Subscribers

    WWE stock is up over 20% today as of this rating following the announcement that the WWE Network has reached 1 million subscribers after just 11 months.

    Currently above $12.50 per share, this is the highest that WWE stock has been valued since October 2014.

    In WWE’s press release issued earlier today regarding the Network hitting 1 million subscribers, WWE Chairman and CEO Vince McMahon said:

    “We’re thrilled that we’ve surpassed the 1 million subscriber milestone less than a year after launching WWE Network and in advance of WrestleMania, our biggest event of the year on March 29. We remain focused on delivering an outstanding value proposition for ours fans by adding new content and new features in the coming year.”

    WWE rumored to be offering another free month of the Network in February in hopes of retaining new subscribers in March for WrestleMania 31.

  • New Royal Rumble Participants, WWE Stock Hits 52-Week Low & More

    – WWE has announced R-Truth, The Miz and Damien Sandow will be participants in Sunday’s 30-man Royal Rumble match. There are still over 10 spots open.

    – WWE stock hit a 52-week low on Tuesday, bottoming out at at $9.82 before closing at $10.05 (down 2.43% for the day). Several fans joked on social media that the price of 1 share of WWE Stock was lower than the $9.99 WWE Network monthly subscription cost.

    Investment website SeekingAlpha.com wrote this morning that WWE stock could be at risk of a dividend cut, which could have been a factor in today’s drop.

    – Darren Young, Naomi and Sin Cara hosted an anti-bullying rally at Burnet Middle School in Austin, Texas earlier today.

  • WWE Stock Spikes 8% Amid Buyout Speculation

    WWE stock spiked on Thursday, up over 8% in the morning, amid renewed speculation that the company could be bought out soon.

    The stock price broke $13 for the first time in two months. According to investment website SeekingAlpha.com, the buzz surrounding 21st Century Fox attempting to buy out Time Warner has investors once again considering WWE as a strong takeover candidate.

    Although financial performance of the WWE Network “hasn’t dazzled” yet, analysts still remain optimistic of its potential, especially if it was run by a company on the distribution side of the media business.

    5 Companies That Could Buy WWE

  • WWE Reports New WrestleMania XXX Buyrate Data, WWE Stock Update

    – WWE reported today that WrestleMania XXX drew 690,000 pay-per-view buys (domestic and international). They previously announced almost 400,000 domestic buys so international buys were below 300,000.

    By comparison, last year’s WrestleMania drew about 400,000 international buys and WrestleMania 28 did about 500,000 buys internationally. 

    Considering the fact that the WWE Network had over 667,000 subscribers at the time of WrestleMania XXX, the show could have been viewed by over 1.35 million homes.

    – SeekingAlpha.com has published an article about why investors should stay away from WWE stock. Their overall summary for why to avoid the stock:

    • WWE’s goal of 2 to 3 million WWE Network subscribers in the steady state is aggressive.
    • The company is very mismanaged and the product has been deteriorating.
    • The future of WWE’s stock is dependent on the number of Network subscribers, which is difficult to predict.

    As of Tuesday afternoon, the stock is hovering just over $11, down almost 2% today.

  • Company Buys WWE Stock, Urges Them To Remove Management Or Sell The Company

    Lemelson Capital, LLC, a private investment management firm, announced today that they had taken a stake in shares of WWE stock and called on the Board of Directors to replace the “executive management team” of the company due to a period of consistent losses, execution issues and material misstatements.

    Less than two months ago, WWE stock had climbed to $30.37 per share on March 17th, and as recently at today, the stock had dropped all the way down to $11.33 per share.

    The firm today also reiterated that fair value of WWE’s common stock is between $8.25 and $11.88 with current management in place.

    “WWE has affirmed that even with one million subscribers for its WWE network, the company stands to lose between $45 million and $52 million in FY 2014, which validates the original short thesis,” said Emmanuel Lemelson, Chief Investment Officer of Lemelson Capital Management. “This follows what we believe to be material misrepresentations by the company about both the performance and operating profit model of its WWE network, which the company has wrongly labeled ‘a homerun’”

    For more details on this story, visit SeekingAlpha.com.

  • Two HUGE Matches Confirmed For Monday’s RAW — CLICK HERE For Details!

  • WWE Stock Continues To Plummet Following News Of New TV Deal

    Following the news of the new deal with NBCUniversal on Thursday, the WWE stock has continued to decline.

    As of last check, the WWE stock was at $11.29 per share, which was a drop of 43 percent from where the stock was at closing time yesterday.

  • Two HUGE Matches Confirmed For Monday’s RAW — CLICK HERE For Details!

  • WWE Stock Price Continues To Drop, Analysts Mixed On Future Outlook

    WWE’s stock price continues to fall after the company reported 667,000 people subscribed to the WWE Network as of Monday. The stock dropped over 20% on Monday and bounced back later in the day, closing down 15%.

    On Tuesday, the stock price closed at $22.21, down 7% for the day.

    The outlook for WWE’s stock remains mixed. Several Wall Street analysts have the stock rated as a “sell” – while The Vertical Group has a $33 price target. Vertical’s Kim Opiatowski told USA Today this week:

    “The subscription numbers for the new WWE network are very solid and healthy. The stock may have gotten a little ahead of itself, and a lot of momentum names have been fading. And people may have also taken money off the table.”

  • Financial Sites Reporting Rumor Of AMC Networks Wanting To Buy WWE

    spike

    spikeWWE spiked 7% on Thursday afternoon based on a rumor that AMC Networks is interested in buying the company.

    In the midst of WWE’s ongoing TV rights fees negotiations, AMC has been one of the companies interested in WWE programming, along with and Viacom and FOX. AMC Networks is the parent company of cable channels AMC, IFC, WE tv, and SundanceTV.

    Backstage Update On WWE TV Negotiations: Spike To Drop TNA For WWE?

    Financial blog Betaville was the first source to report on the story:

    “Good sources tell me cable group AMC Networks has been sniffing around World Wrestling Entertainment Inc, the US-listed company behind those ridiculous wrestling programmes, such as WWF, Raw and Smackdown.

    AMC Networks has held at least one exploratory conversation with WWE – which saw its shares rise by about 30pc during last week – about some kind M&A transaction in recent months, according to “people familiar with the matter”. However, the talks are understood to have not gone anywhere.

    Another source said bankers from UBS have been advising AMC Networks, owner of Sundance TV, on a potential deal and financing options.

    This well-placed source said any transaction may value WWE at between $2.6 and $2.8bn.”

  • Hulk Hogan Speaks On Doing Media For WWE, WWE Executives Buy More Stock

    – According to the latest SEC filings, a number of WWE employees acquired additional WWE stock on Monday. More likely than not, they bought the stock in anticipation of an upward trend due to the WWE Network launch.

    – WWE Hall Of Famer and WrestleMania XXX host Hulk Hogan has been doing some media work for WWE this week. Hogan wrote the following on Twitter:

  • CM Punk To Return At Monday’s RAW In Chicago? Backstage News & Notes …

  • Press Release: WWE Declares Quarterly Dividend

    WWE issued the following today:

    STAMFORD, Conn.–(BUSINESS WIRE)–WWE (NYSE:WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be March 14, 2014, and the payment date will be March 25, 2014.

  • WWE Stock Hits All-Time High, Classics On Demand Shutting Down Today & More

    – WWE stock hit an all time high today at $24.75 per share, up over 300% from the all-time low less than 9 months ago ($8.20).

    The stock is currently trading at $24.32 as of this writing with a market capitalization of $1.83 billion.

    – WWE Classics on Demand officially shuts down today.

    – WWE fans have been bombarding the WWE & WWE Network Facebook pages with pro-CM Punk and anti-WWE comments.

    Live Report Of Fans HIJACKING Thursday’s NXT Show With CM PUNK Chants – Signs Confiscated

  • WWE Stock Rises Due To WWE Network Announcement, Mick Foley’s Comedy

    – WWE stock increased 2.77% on Thursday and closed at $16.67 following Wednesday night’s WWE Network announcement. The next big factor that will affect the stock in a significant way will be the TV rights fees negotiations, with a new deal to be announced by early March.

    – The Democrat And Chronicle website ran an article on WWE Hall Of Famer Mick Foley’s comedy shows this weekend in New York and Toronto. Foley will be performing on Friday night in Webster, New York at The Comedy Club at 7:30pm and 10:30pm. He plays Saturday night in Toronto, Ontario, Canada at Yuk Yuks at 8pm. For more information on the shows, visit DemocratAndChronicle.com.

  • WWE’s Major Announcement Coming Next Week, Royal Rumble Note

    – WWE will make their “groundbreaking announcement” next Wednesday, January 8th at the International CES at the Wynn Hotel, which is expected to be the official announcement of the WWE Network. Vince McMahon will be on hand to make the announcement, along with “Stone Cold” Steve Austin, Triple H, John Cena and others.

    – The 2014 WWE Royal Rumble pay-per-view is slated for both a DVD and Blu-ray release in February.

  • WWE Stock Doubles In 2013, JBL & Cole’s Weight Loss Challenge & More

    – WWE stock more than doubled in 2013, opening the year at $8.03 and closing on December 31st at $16.58.

    – WWE announcers JBL and Michael Cole are starting a 250 day weight loss challenge. JBL noted that he currently weighs 278 lbs. and plans on dropping over 50 pounds by early September. After the weight loss program, they plan on climbing a mountain together.

    – WWE.com has published a playlist of the “10 most underrated matches of 2013” – including Daniel Bryan vs. Seth Rollins (6/10 RAW), Chris Jericho vs. Cody Rhodes (6/26 Main Event), and RVD vs. Randy Orton vs. Christian (8/2 SmackDown).

  • Reason WrestleMania 31 Isn’t In Philly, Stephanie McMahon Sells More Stock

    – According to a Philly.com article, the reason WWE chose Santa Clara over Philadelphia as the host of WrestleMania 31 is because Super Bowl 50 will be taking place in Levi’s Stadium in 2016 and WWE doesn’t want to follow the Super Bowl in the same venue within a calendar year.

    – Stephanie McMahon unloaded 43,838 shares of WWE stock on December 5th and December 6th for approximately $635,553.

  • How Much Does Stephanie McMahon Make Per Year? Find Out Here!

  • WWE’s Rookie Of The Year Poll, WWE Stock Takes A Big Hit & More

    – WWE stock took a big hit today, falling 6% to $14.39. The stock opened the day at $15.47, which was the 52-week high.

    – WWE.com is running a poll asking fans to vote 2013’s Rookie of the Year. Here are the current results, with over 9,000 votes cast:

    • 57% The Shield
    • 29% Big E Langston
    • 7% The Wyatt Family
    • 4% Fandango
    • 2% Curtis Axel

    – Here’s the latest “After Total Divas” video:

    Alicia Fox and Renee Young break down all the action from this week’s episode of “Total Divas”

  • “Backstage Fallout” For This Week’s SmackDown, WWE Stock Reaches 52-Week High On Friday

    – Tonight on SmackDown, R-Truth teamed up with The Prime Time Players to defeat The Union Jacks – the wrestlers usually known as 3MB – while The Great Khali beat Hunico and Camacho in a 2-on-1 Handicap Match. This week’s “Backstage Fallout” features The Prime Time Players, R-Truth and Khali discussing their victories.

    – WWE’s stock price continues to increase as it reached a 52-week high of 13.37 on Friday before closing at 13.32. The stock price improved 12 cents from Thursday.

  • Hulk Hogan At NFL Game, WWE Stock Rises, First WWE RAW Of 2014

    -WWE Hall Of Famer Hulk Hogan attended the NFL game on Thursday between the Cincinnati Bengals and the Miami Dolphins. Hogan was shown several times on the NFL Network telecast enjoying the game from his luxury box.

    -The WWE stock closed on Thursday at $12.95 per share, the highest it has been in over a year. It opened at $11.84. The increase is attributed to the decreased earnings, but excitement over the possibility of new and more lucrative television deals for the company next fall.

    -Tickets for the first WWE RAW of 2014, scheduled for January 6th at the Baltimore Arena in Baltimore, Maryland, officially went on sale on Thursday. The pre-sale password for tickets to the event is WWERAW.

    Huge Update On Undertaker’s Planned Opponent For WrestleMania XXX

  • Triple H Sells WWE Stock, RAW Viewership For Monday Down From Last Week

    -Triple H has reportedly sold 703 shares of Class A common WWE stock, according to a SEC filing released on Tuesday. At a price of $11.53 per share, it translates to a minimum amount of $8,105. Following the transaction, Triple H still owns 50,764 shares of Common A stock.

    -Monday’s edition of WWE RAW averaged 3.825 million viewers, according to Nielsen Media Research. The 3.825 million average marks a decrease from last week’s 3.992 million viewers. The final RAW rating for Monday should be released shortly.

    Details On What Stephanie McMahon Sold All Of Her WWE Stock To Buy

  • Stephanie McMahon Sells Even More WWE Stock, WWE Looking To Hire New V.P.

    -Stephanie McMahon is at it again. McMahon converted 505,000 shares of Class B stock into Class A stock, and then sold approximately 47,000 shares. For more information, visit ir.corporate.wwe.com.

    -WWE is looking to hire a Vice President of Digital Video Strategy. For more information on the position and the requirements, visit careers-wwecorp.icims.com.

    -WWE is also looking to hire a Creative Director of Network Promotions, who will be responsible for, among other duties, “Definition and creation of the new WWE Network’s brand identity, positioning, and promotions.” For more information on this position, visit careers-wwecorp.icims.com.

    VINCE MCMAHON On Raw THIS MONDAY + Dusty PISSES OFF Stephanie At RAW [>>]

  • Cena Still Advertised For 9/30 RAW, WWE Stock Update, “WWE Street Party” Info

    -The WWE stock closed today at $9.75, so it has basically leveled off following the big drop on Monday.

    -As noted previously, WWE will be running two shows this weekend in Hidalgo, Texas. On Saturday, WWE Superstar Rey Mysterio returns. In addition, WWE will be holding a “WWE Street Party” on Saturday from 2pm to 6pm to kick off the 10-year anniversary of the State Farm Arena. Scheduled to appear at the “WWE Street Party” are WWE Superstars Sin Cara, Big Show, Brodus Clay, R-Truth and Alicia Fox.

    -For whatever reason, currently sidelined WWE Superstar John Cena is still being mentioned in the local advertisements as appearing in the dark match at the upcoming WWE RAW television taping in Biloxi, MS on Monday, September 30th. Unless a miracle occurs, obviously Cena will not be wrestling on that show.

    Latest On Cena’s WWE TV Return, New Battleground PPV Matches + MORE! [>>]

  • WWE Stock Continues To Drop, Reddit User Gets Del Rio/RVD PPV Match Wrong

    -Shares of WWE stock dropped below $10 per-share in early trading on Monday morning. This comes after WWE released a statement on Friday downgrading their 2013 Business Outlook, particularly for the second-half of 2013. As of this afternoon, shares of WWE stock were down 4.2 percent from Friday’s close.

    -The infamous Reddit user, Dolphins1925, missed one of his predictions for the WWE Night Of Champions pay-per-view. Dolphins1925 predicted Del Rio would win the match, however, the match ended up in a disqualification, which means Rob Van Dam technically won the match. While Del Rio did retain his World Heavyweight Championship as a result, the match goes down as a loss for the current champion.

    24WRESTLING.COM

  • Identity Of Security Guards On RAW, WWE Stock Upgraded, SmackDown Rating

    -Independent pro wrestlers Craven Knyte, Ariya Daivari and Renny D. were among those portraying security guards on this week’s edition of WWE RAW.

    Knyte and Daivari (younger brother of former WWE Superstar Shawn Daivari) also worked a dark match against The Great Khali at the SmackDown television taping on Tuesday night.

    -The final rating for the 8/30 edition of WWE SmackDown came in at 1.93, up from last week’s 1.90.

    -Roth Capitol has upgraded their WWE stock rating from “Neutral” to “Buy” based on the optimism over the new television deals for RAW and SmackDown. The stock also raised from $10 per share to $13. For more information, visit NASDAQ.com.

    2 HUGE Superstars From WWE’s Past CONFIRMED For WrestleMania XXX […]