Despite soaring past $100 last year, WWE stock is now below $70. Today saw a drop of 61 cents down to $69.62 per share as the company is over $30 below its 52-week high. This comes on the heels of a good day overall for the Nasdaq Composite, which went up $57.65.
One possible reason for the drop is a lack of confidence going into WWE’s Q2 2019 financial call. Variety ran an op-ed earlier today saying that Vince McMahon was “out of excuses” for WWE’s woes and that he needs to detail creative fixes for both RAW and SmackDown going forward.
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