WWE Stock In Bad Shape After Earnings Report

Remember when WWE’s stock was around $100 a share and executives unloaded ton of stock? They continued to dump stock in exchange for big money. It’s a good thing they did it when they had a chance.

WWE’s third quarter earnings report came out and Wall Street isn’t happy with what Vince McMahon’s company brought to the table.

As of this writing, WWE’s stock has dropped over 15% since opening this morning. It is now at $56.08 after losing $10.33. This came after the third quarter earnings call.

Michelle Wilson and Georgia Barrios will hold a call at 11:00 AM to explain their position. We previously reported that the WWE Network profit is down ridiculous number and that was just one of their many losses.

Let’s hope they can turn this around. Vince McMahon won’t be on that call since he’s in Saudi Arabia.