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WWE Stock Sees Massive Drop After Earnings Report Releases
(Photo credit: CHANDAN KHANNA/AFP/Getty Images)
WWE seeing drop in stock right before their quarterly conference call isn’t the best of timing for Vince McMahon.
The company closed Wall Street yesterday at $49 and then dropped as low as $41.50 (a 15.81% decrease) this morning once the 2019 fourth quarter earning report and 2020 outlook was released.
The huge catalyst for the quarterly commotion were the sudden removals of George Barrios and Michelle Wilson as co-WWE presidents last week. Vince McMahon and WWE will be having their financial earnings call at 11 AM EST.