For sale, very expensive. Over the last few months, WWE stock has ballooned in price, rising from $43 a share on May 16 to nearly $83 a share today. Pushed upward by the recent major television deals, WWE has turned into a rather expensive stock with the price nearly doubling in about two months. You never can tell how long that’s going to go, so it might be time to get out, which a lot of people seem to be doing.
According to Wrestlinginc.com, several high level WWE executives have sold a lot of their stock in the company for some rather lucrative profits. This does not mean that the people are out of the business or have sold all of their stock, but likely that they are out to make some money. Here is a list of the names who sold stock and the amount they made:
• Executive Vice President, Television Production, Kevin Dunn: 122,926 shares for $10,193,023.90
• Co-President, Michelle Wilson: 121,181 shares for $10,048,328.50
• Co-President, George Barros: 120,546 shares for $9,995,474.32
• Chief Brand Officer, Stephanie McMahon Levesque: 17,373 shares for $1,440,569.16
• Executive Vice President, Talent, Live Events & Creative, Paul Levesque (Triple H): 17,272 shares for $1,432194.24
• President, WWE Studios, Michael Luisi: 16,579 shares for $1,374,730,68
• Corporate Controller, Mark Kowal: 4,913 shares for $407,385.96
This seems appropriate.
Opinion: Good for them. I mean, how can you leave this much money on the table? There’s always the chance that the stock could plummet and be far less valuable so get what you can while you can. Of note: you might remember that Vince McMahon sold off $100 million worth of his stock in December 2017. Well, it turns out that if he had waited until now, that would have been worth about $276 million. Stocks are funny that way.
What do you think of WWE’s stock surging? How long can this last? 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 the Complete 2003 Monday Night Raw Reviews.
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