Following the reports that SmackDown Live will be heading to FOX, the price of the WWE stock saw a huge increase. As of this writing, WWE stock is currently trading at $53.95.

This is the second time within a week that the stock has surged. WWE stock did incredible numbers after reports that RAW could possibly tripling in value when it renews it’s television rights with The USA Network.

Steve Carrier is the founder of Ringside News and has been reporting on pro wrestling since 1997. His stories have been featured on TMZ, Forbes, Bleacher Report, and more.

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