With the announcement of Vince McMahon "retiring" and Paul Levesque taking over WWE Creative, the Stock Market it loving WWE's moves as the stock has been up well over $3.00 a share since the open, and just twent over $4.00. That's over 5% in gains at the start when the overall market isn't even close to that. I have had a lot of people write me already asking why the stock isn't tanking with Vince "retiring". I think it's pretty clear that with the release of storyies about the NDAs, in their eyes Vince went from being their biggest asset to their biggest liability and the stockholders/market are happy to see him gone. Add in the fact that Stephanie McMahon-Levesque, Nick Khan and Paul Levesque have shown to be excellent in their respective roles and the market sees a better road ahead for WWE without Vince. It's amazing the difference a month or two can make in business.
Thanks to Paul Jordan for the following:
WWE tweeted:
Check out @CoreyLaJoie & his #7 WWE #SummerSlam car as he looks to take down the competition at the #NASCAR Cup Series race @PoconoRaceway, TODAY at 3pm ET on @USA_Network!@NASCAR pic.twitter.com/OUxOBhZzbU
— WWE (@WWE) July 24, 2022
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