The announcement on Thursday that Vince McMahon will be selling 8.4 million shares of his class A common stock in TKO has caused the company’s stock price to drop big time.
After the news was announced, TKO’s stock price dropped in after-hours trading. Yahoo! Finance is reporting that the stock is currently trading at $80.35 in after-hours trading. That’s down $4.55 (5.36%) from the closing price of $84.90.
In other news, LA Knight vs. Grayson Waller will be taking place on this week’s episode of WWE SmackDown. Nick Aldis confirmed the news after Knight and Waller got into a spat on Twitter on Thursday. Aldis tweeted,
“.@GraysonWWE it seems that your thumbs have written a check that another part of your anatomy will now have to cash…
Tomorrow night, live on @WWE #SmackDown
LA Knight vs Grayson Waller”
.@GraysonWWE it seems that your thumbs have written a check that another part of your anatomy will now have to cash…
Tomorrow night, live on @WWE #SmackDown
LA Knight vs Grayson Waller https://t.co/dlbZW4NZeU pic.twitter.com/i6sLrvboAp
— Nick Aldis (@RealNickAldis) November 10, 2023
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The recent announcement that Vince McMahon, the chairman and CEO of WWE (World Wrestling Entertainment), will be selling 8.4 million shares of his class A common stock in TKO has caused a significant drop in the company’s stock price. This news has sent shockwaves through the wrestling industry and has left fans and investors wondering about the implications for both WWE and TKO.
After the news broke, TKO’s stock price experienced a sharp decline during after-hours trading. According to reports from Yahoo! Finance, the stock is currently trading at $80.35, down $4.55 (5.36%) from the closing price of $84.90. This drop in stock price reflects the uncertainty surrounding the future of TKO and its relationship with WWE.
The decision by Vince McMahon to sell a significant portion of his shares in TKO has raised questions about his confidence in the company’s performance and potential for growth. McMahon’s involvement in TKO has been a topic of interest for many wrestling fans, as it was seen as a strategic move to expand WWE’s reach and influence in the combat sports industry.
However, with this recent development, it appears that McMahon may be shifting his focus back to WWE and reallocating his resources accordingly. This decision could have far-reaching consequences for both TKO and WWE, as it may impact their partnership and collaborative efforts.
In other wrestling news, a match between LA Knight and Grayson Waller has been confirmed for this week’s episode of WWE SmackDown. The announcement came after Knight and Waller engaged in a heated exchange on Twitter, which caught the attention of Nick Aldis, another prominent figure in the wrestling world. Aldis took to Twitter to confirm the match and added some taunting words directed at Waller.
This match adds an exciting element to WWE SmackDown and is sure to attract the attention of wrestling fans worldwide. It showcases the ongoing drama and rivalries that make professional wrestling such a captivating form of entertainment.
For all the latest wrestling news, fans can rely on eWrestlingNews.com, a trusted source for updates and information. The website provides comprehensive coverage of all things wrestling and offers fans a platform to stay connected and engaged with the wrestling community. Additionally, fans can follow eWrestlingNews on Twitter and Facebook for real-time updates and engaging content.
As the wrestling industry continues to evolve and adapt to changing dynamics, developments like Vince McMahon’s stock sale and exciting matches on WWE SmackDown keep fans on the edge of their seats. It’s an exciting time for wrestling enthusiasts, and staying informed through reliable sources like eWrestlingNews.com ensures that fans don’t miss a beat.