Friday selloff of WWE stock
Friday, 02 May 2014 13:35
WWE stock fell to its lowest point since it's big rise, falling $1.50 per share today to close at $18.83, the day after the company released its financial results. The results were better than projected by company guidance.
However, releases today showed almost all core business metrics except the movie division down in profitability, even divisions that seemed stronger yesterday since they showed overall revenue increases. That meant the profit decline was more than just growing the network.
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