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WALL STREET LOVES THE WWE-NETFLIX TAG TEAM

By Dave Scherer on 2024-01-23 17:44:00

The market clearly loved WWE's deal with Netflix to move Raw there next year.  TKO (the parent company of WWE) saw its stock close at $89.63.  That's up $12.22 per share (+15.79%).  In after hours trading, as of 5:30 p.m., the stock was at $92.00, up another $2.37 (+2.64%).

Netflix's stock also rose, closing at $492.19.  It was up $6.48 (+1.33%).  Then after they reported excellent numbers after the market closed, as of $5:30 p.m. they had risen another $38.54, to $530.73.

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