WWE Stock Price Takes Another Massive Hit

WWE used to be a wise investment and although there is still a big chance that the price could go up, the controversy surrounding WWE Crown Jewel seemed to really hit the stock price.
At this time, WWE stock is at $70.07 which is ridiculously low considering the $97 price just a few short months ago. This time when the stock was so high also happened to be the period when so many WWE executives unloaded massive amount of shares which is sort of interesting too.
But WWE Crown Jewel has come and gone and the stock price dropped 7% yesterday — around $5 which is a lot when you’re talking about stocks. After all, you generally don’t buy just one stock at a time so WWE shareholders lost a ton of money yesterday.
Only time will tell how long it will take WWE to get their evaluation back up or if these sudden drops will scare investors off.  But with new television deals coming up in October next year there could plausibly be another spike in price. But for now, if you’re holding WWE stock you might want to consider it a long-term investment right now until it rebounds.