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CNBC featured a piece today on the WWE stock hitting a 52-week high (something PWInsider.com noted last week) despite the fallout of the Vince McMahon resignation and the flow of the stock market currently at this link.
The article noted that some believe WWE could be a target for aquisition before their next rounds of TV deals are up with FOX and Comcast.
On WWE's recent stock success, the article states:
"The company’s stock is up more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn’t seen since summer 2019. The S&P 500, by comparison, is down more than 20% this year.
The stock’s strong performance this year occurred WWE’s live wrestling-events business came roaring back after months of Covid restrictions and the company increasingly became the subject of sale talks. The stock continued to do well after the company’s longtime leader and biggest shareholder, Vince McMahon, retired from the company over the summer in a cloud of scandal.
Shares of the company were effectively flat Monday after hitting $76.90. WWE’s market capitalization is over $5.6 billion."
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