|Bid||75.00 x 900|
|Ask||89.07 x 800|
|Day's Range||83.35 - 86.27|
|52 Week Range||21.22 - 97.69|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||134.22|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.48 (0.56%)|
|1y Target Est||90.67|
Jim Cramer says that while General Electric's CEO replacement was a win for the stock, it could mean the company's situation is more dire than previously thought.
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Analysts believe it is worth around $40 million to $45 million a year for 10 annual events held in Saudi Arabia. The alleged murder of journalist Jamal Khashoggi has prompted mass defections from another coming Saudi showcase, the Future Investment Initiative dubbed “Davos in the Desert.” Canceling was tricky for some business leaders who covet Saudi business, but pulling the plug on the follow-up to the Greatest Royal Rumble will be far dicier for WWE. The White House’s strenuous efforts to paper over the rift caused by the Khashoggi affair and the closeness of WWE’s principal shareholders to President Trump would make cancellation an overtly political statement.
WWE hasn't issued much of a statement on the matter, other than saying that it is "monitoring the situation."
World Wrestling (WWE) focuses on increasing original content, subscriber growth, rising TV rights fees and other strategic initiatives. All these factors have helped the stock to outpace the industry.
Crown Jewel WWE pay-per-view event scheduled for November 2, despite disappearance of U.S. based Saudi national. Long-term multimillion-dollar partnership between WWE and Saudi Arabia came into effect earlier this year. World Wrestling Entertainment (WWE WWE ) is on the verge of being drawn into the rising political and diplomatic tensions with Saudi Arabia, putting its multimillion-dollar deal for live events in jeopardy.
A major smackdown of IBD 50 champ World Wrestling Entertainment was underway Wednesday as the stock market took a beating.
The event, which kicked off its biggest year yet on Thursday, has culminated into a multi-media extravaganza.
The Company’s Chairman & CEO, Vincent K. McMahon, and Co-Presidents, George A. Barrios and Michelle D. Wilson, will host a conference call beginning at 11:00 a.m. ET to discuss the results. All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com/investors. Participants can access the conference call by dialing 855-200-4993 (toll free) or 323-794-2092 from outside the U.S. (conference ID for both lines: 1543754).
Major League Wrestling has never held an event in the Capital Region, but its funding comes from local businessmen. They’re not huge wrestling fans, but say they know a good investment when they see it.
Earlier this month, 21st Century Fox (FOXA)(FOX) inked a deal to purchase the broadcast rights to Premier Boxing Champions (or PBC) fights. PBC programming is slated to begin in December and run for four years.
WWE (WWE) announced that Co-Presidents George Barrios and Michelle Wilson, Executive Vice President, Talent, Live Events & Creative, Paul “Triple H” Levesque, and WWE Superstars Charlotte Flair and Nikki Bella will participate in “Surviving and Thriving Global Media Disruption: An Evening with WWE and BTIG.” The event will be moderated by BTIG TMT Analysts Brandon Ross and Rich Greenfield on Thursday, September 27, 2018.
The individual content packages will begin releasing in late 2018, with some packages releasing in early 2019, for the PlayStation® 4 computer entertainment system, the Xbox One family of devices including the Xbox One X, and Windows PC. “WWE 2K19’s downloadable content will offer many popular playable WWE, NXT and 205 Live Superstars, as well as our largest offering of new moves to date,” said Greg Thomas, President at Visual Concepts.
A federal judge has dismissed lawsuits by dozens of former professional wrestlers who accused World Wrestling Entertainment Inc of failing to protect them from concussions and other head trauma, including chronic traumatic encephalopathy (CTE). Many claims filed on behalf of 53 wrestlers like Joseph "Road Warrior Animal" Laurinaitis and Jimmy "Superfly" Snuka were brought too late and some were frivolous, U.S. District Judge Vanessa Bryant in Hartford, Connecticut, ruled on Monday. Bryant also found no basis to suggest the defendants, including WWE Chief Executive Officer Vince McMahon, knew of any link between wrestling and CTE before 2007, which was after most of the plaintiffs had retired.
The Saudi General Sports Authority in partnership with WWE will present the Crown Jewel at the King Fahd International Stadium in Riyadh, Saudi Arabia on Friday, November 2, including a Universal Championship Triple Threat match featuring Roman Reigns, Brock Lesnar and Braun Strowman, and the first-ever WWE World Cup tournament to determine the best in the world.
Short interest is moderate for WWE with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
WWE (NYSE:WWE) stock continues to body slam its detractors, as it keeps attracting buyers. However, this momentum has pushed WWE stock higher, even to levels that surpass its rate of profit growth.
WWE today announced two changes to its broadcasting team, naming Renee Young as the first woman to join the Monday Night Raw broadcast booth full time and Jonathan Coachman as the new host of WWE’s pay-per-view kickoff shows.
Four IBD 50 stocks with rising profit estimates are in or near buy zones: World Wrestling Entertainment, Medpace, PRA Health Sciences and Momo.