PWInsider has recently published an interesting report on WWE Executive Producer Kevin Dunn. The website noted that on Thursday, Aug. 21, Dunn sold 30,000 shares of his Class A WWE Common Stock. With the sale, Dunn received a gain of $433,200, as WWE’s stock that day closed at 14.44.

While it would seem like Dunn sold a lot of his WWE stock, that is actually not the case. Dunn reportedly still has 242,406 shares of WWE stock remaining.

Following a monumental drop in the stock market in May of 2014, WWE has somewhat rebounded on the stock market. Over the past three months, the price of a share has gone up from 11.17 to 14.64. WWE prevented another massive drop in the stock market on July 31, when it released its second quarter earnings. While the earnings report would be perceived as poor, WWE combatted it by letting go of 55 employees. The cost cutting maneuvers helped prevent a huge drop in the stock market.

Yet, WWE’s stock is still far from its peak in 2014. In March of 2014, WWE had its price per share at 31.39. In time, the price began to dip back in the 20s, eventually being bombarded by the mentioned monumental drop.

Editor’s Note

Interesting stuff, which makes you ponder why Kevin Dunn sold so many shares.

MORE IN WRESTLING

  • Update on Who Bray Wyatt Will Work With Following “Night of Champions”

    News
  • Update on Roman Reigns Being Groomed to Win the WWE Title at WrestleMania 31

    News
  • Backstage Update on Zeb Colter’s WWE Status

    News
  • Undertaker Performs ALS Ice Bucket Challenge in the Dark

    News
  • “NXT” and “WWE Superstars” First Airs at a New Time on WWE Network

    News
  • Sports Illustrated Looks at Enhanced Body Scans and “Beard Tech” in “WWE 2K15”

    News
  • Evan Bourne Talks WWE Referees Receiving Bonuses for Calling Disqualifications

    News
  • More on 2015 “SummerSlam” Coming to New York and New Jersey Area

    News
  • Rey Mysterio Reportedly Had Handshake Deal with Triple H to Leave WWE

    News
  • Backstage News on Why Hornswoggle is Back on TV

    News