WWE Stock Suffers Massive Drop

Vince McMahon’s return to WWE as Executive Chairman revealed that he intends to take over the company once again.

That’s exactly what happened, and McMahon managed to sell the company within just three months after talking to a number of potential buyers.

It’s been a few months since then, but WWE stock seems to have taken a big hit recently.

WWE has gone through a lot of changes over the past year, especially after Triple H took over the creative side of the company.

The company has set record numbers for premium live events.

However, on August 30, WWE stock opened at $110.05 and closed at $110.05, according to PWIsider. But his stock plummeted, dropping $12.90 to $97.50.

SeekingAlpha.com reports that the plunge in the stock price is part of a domino effect by a Saudi investment fund investing in UFC rival Professional Fighters League, which recently operated a theater at Madison Square Garden. It is said that

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Even WWE’s parent company, Endeavor, saw its share price drop.

WWE plans to merge with UFC as TKO Holdings, making MMA part of its corporate business. Either way, we’ll have to wait for WWE stock to rise again.