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WWE Stock Tanks After WrestleMania 30
World Wrestling Entertainment (WWE_) fell 14% to $24 this morning after WrestleMania 30 and is currently trading at $22.18, a 20% loss from the market closing on Friday. The network released statement earlier today claiming they are on the way to reach 1 million subscribers by the end of 2014. This statement, however, has not shifted the direction of the investors.
In a press release earlier today. The network reached 667,287 subscribers in 42 days and will reach their goal of 1 million subscribers by the end of 2014. At WrestleMania 30 last night, the former UFC Champion Brock Lesnar beat The Undertaker's undefeated streak at WrestleMania, which shocked fans, but according to Thestreet.com, it may have been a good move for the company financially.
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