-

WWE loses 30% of its value on Wall Street in one month

A very bad week for stocks overall combined with a less-than-ideal Q3 2018 earnings report took a major hit on WWE stocks as they closed the day down 6% and then nearly 2% more down in after hours trading.

Stocks closed on Friday at $69.78 but then went even further down to $68.47 in after-hours. In just one month when WWE was trading at $97, WWE lost 30% of its value and nearly $2 billion in market cap. After yesterday’s closing, WWE was valued at $5.9 billion.

It wasn’t just WWE who suffered big losses on the stock market though as Amazon for example had $200 billion wiped from its value in just six weeks and other companies such as Facebook, Apple, and Microsoft also took a big hit.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Mike Tyson to appear at WWE World on WrestleMania Sunday

WWE today announced that Hall of Famer Mike Tyson will be appearing at WWE World on Sunday, April 20. Tickets...

The Rock holds 25-minute press conference after Smackdown

Dwayne Johnson spent around 25 minutes talking to the press after Smackdown ended, fielding questions from local media about...

Carmella no longer under WWE contract

Fightful is reporting that Carmella is no longer under a WWE deal as her contract recently expired without renewal. Carmella...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading