That might not be a good sign. WWE is not doing very well at the moment as their television audiences and viewerships are both shrinking in a hurry. While the company is having some strong success in their long term television deals, those deals might be in some trouble if things don’t get better. The stock price might get worse as well and some big names might know something.
According to SEC Filings by way of WWE.com, various WWE executives, including Vince McMahon himself, Triple H, Stephanie McMahon, WWE Co-Presidents George Barrios and Michelle Wilson and Kevin Dunn all sold large quantities of WWE stock on Tuesday. While such sales take place all the time, this is noteworthy as the company’s second quarter financial reports are set to be released on Thursday. This could suggest that the stock report is not going to be positive.
This isn’t the easiest thing to find a video about. Check out Kane selling hot dogs (it’s the best I’ve got):
Opinion: It isn’t a secret that the WWE’s financial reports are not likely to be good so this is hardly the biggest surprise in the world. At some point WWE is going to have to come up with a viable answer to what is wrong with the company and I don’t think they are going to know what that is on Thursday. It is no surprise that the company executives are trying to make as much money as they can, but it doesn’t look great.
Are you surprised by these sales? How worried should WWE be? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 50,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 5,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his Amazon author page with 28 wrestling books. His latest book is the History Of In Your House.
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