WWE Stock Rises After the Announcement of WWE Network Subscriptions

WWE stock rises after the announcement of WWE Network subscriptions on Jan. 27. As previously reported, WWE hit one million WWE Network subscribers either late Jan. 16 or early Jan. 27, even though a small percentage of fans had the hashtag “#CancelWWENetwork” trending worldwide immediately following the “Royal Rumble” on Jan. 25. 

Vince McMahon and WWE’s corporate website announced that their over-the-top network had reached a one million subscriber milestone in the midst of Internet fans claiming that they were revolting against both. “#CancelWWENetwork” trended on Twitter and Facebook both on Jan. 25 following the “Royal Rumble,” and during the Jan. 26 edition of “Monday Night Raw.”

According to reports from F4Wonline.com, the company reached one million subscribers shortly after the hashtag began trending online. WWE stock then saw a huge jump on Jan. 27 after WWE announced their growth in subscribers. WWE stock went up 19.27%, trading at $12.50 per share. It was at $10.40 prior to the announcement.

Editor’s Note:
Well, THAT’S a positive, right?