WWE - World Wrestling Entertainment, Inc.
| Previous Close | 92.12 |
| Open | 91.28 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 1000 |
| Day's Range | 86.01 - 91.28 |
| 52 Week Range | 34.69 - 97.69 |
| Volume | 959,424 |
| Avg. Volume | 785,436 |
| Market Cap | 6.767B |
| Beta (3Y Monthly) | 1.47 |
| PE Ratio (TTM) | 77.42 |
| EPS (TTM) | 1.12 |
| Earnings Date | May 1, 2019 - May 6, 2019 |
| Forward Dividend & Yield | 0.48 (0.52%) |
| Ex-Dividend Date | 2019-03-14 |
| 1y Target Est | 96.00 |
- American City Business Journals•4 days ago
WWE execs donate $1M to Children's Hospital
The daughter of the WWE founders and a former star donated the money to establish a family-centered MIBG therapy suite.
- Business Wire•4 days ago
WWE® Announces New Global Headquarters in Stamford
WWE (WWE) today announced that the company will move its global headquarters to a new office complex at 677 Washington Boulevard in Stamford, Connecticut. This move will allow the company to bring together its operations, including its production studios and corporate offices at its new site. The new headquarters will provide the company with work space suited to its growing and evolving workforce.
- InvestorPlace•7 days ago
Reality Will Eventually Hit World Wrestling Entertainment Stock
World Wrestling Entertainment (NYSE:WWE) stock highlights the very real importance of not letting your biases impact your judgment. I learned that the hard way. Last year, I wrote a disparaging article about WWE stock.Source: Shutterstock Later, I followed that up with a muted, but nevertheless bearish, assessment. Both columns turned out to be wrong. * 7 Small-Cap Stocks That Make the Grade In my defense, I think most (reasonable) people would cut me some slack. We're talking about scripted events during which grown men - and sometimes women - prance around like idiots, engaging in fake conflicts. Combatants exchange words, and fists start flying. Invariably, out of the blue someone comes running out with a chair.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is either a scene from Facebook's (NASDAQ:FB) boardroom discussions or the catalyst for the inexplicable rise of WWE stock price. At least if someone had secretly recorded an executive-level meltdown at the social-media firm, I would understand why watching it would be a guilty pleasure.WWE? Forgive me, folks, but I just don't get it.But I made the same mistake when I initially analyzed WWE stock. Sure, I had hard facts to back me up, such as declining TV viewership. Also, sports-related stocks, such as Manchester United (NYSE:MANU), haven't historically performed well.Unfortunately, I didn't appreciate that the people who care about pro-wrestling tend to be extremely fanatical. Of course, executives at Twenty-First Century Fox (NASDAQ:FOXA) had a much more open mind than I did. They inked a deal to broadcast SmackDown Live on the Fox network , launching the WWE stock price to the moon.WWE stock price dropped during the market meltdown at the end of last year, but the shares recovered in 2019 with the rest of the market, and WWE stock price is up nearly 24% in 2019. The WWE Stock Price Will Meet a Flying ChairAs I previously mentioned, World Wrestling Entertainment follows a script. Part of its allure is that audiences don't know what to expect.However, if you watch enough episodes of WWE Raw, you'll soon recognize a pattern. You don't know who's going to throw a cheap shot, but someone will. And you don't know what the weapon of choice will be, but more likely than not, it will be a folding chair.This is a perfect analogy for what's in store for WWE stock. I don't know exactly when the proverbial chair is coming, nor do I know who will launch it. But at some point, the high-flying anomaly that is WWE stock will undergo a correction.I say this with reasonable confidence because the company is racing against the demographic clock. For any entertainment operation to be relevant, it must attract young people. WWE did exactly that…30 years ago. Currently, it's reaping the consequences of not effectively courting new viewers.According to TheSportsDaily.com, the wrestling league is most popular among the 50-plus crowd. Another worrisome factor is that WWE doesn't genuinely appeal to minorities. As Forbes' contributor Alfred Konuwa reported, the league has a poor record with black wrestlers. According to one of his embarrassing facts, the last African-American to headline the flagship WrestleMania event was Lawrence Taylor.I love the original "LT," but that factoid is simply insane. What Konuwa is saying without saying it is that the WWE is getting whiter, while the nation is becoming browner. Again, this dynamic shows you how out of touch the league is with reality. Don't Think About Shorting WWE StockAfter reading about the demographic problems that may soon catch up with WWE stock, you may be tempted to short it. But please take my failures in trying to assess WWE stock to heart: this is a weird stock.Under any other circumstances, this sports-related stock shouldn't perform that well. Sports viewership overall has declined, so why should interest in "fake" sports increase? Also, it's the WWE! I wish I could add some expletives to further express my exasperation.But there's one factor you must realize: the league's core fans have stayed with the program through thick and thin. Yes, they may be grayer, but they're also far richer. They can afford to plunk down thousands to watch their childhood heroes in person.So while I'm not crazy about World Wrestling Entertainment, I've also learned my lesson. WWE is as terrible as you think it is, and probably worse. But for now, it's being kept alive by people who love it.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Reality Will Eventually Hit World Wrestling Entertainment Stock appeared first on InvestorPlace.
- Benzinga•10 days ago
WWE's Stock Breaking Out As Company Ramps For WrestleMania
WWE's stock was up 3.5 percent to its highest level of 2019 after Wolfe Research raised its price target for WWE shares from $105 to $157, a new high water mark among analysts covering the stock. The average analyst price target for WWE is $100. Wolfe analyst Marci Ryvicker said WWE’s earnings and revenue growth puts the stock in rare company along with stocks like Liberty Media/Formula One (NASDAQ: FWONA), Manchester United (NYSE: MANU) and Madison Square Garden (NYSE: MSG).
- Zacks•11 days ago
World Wrestling Entertainment (WWE) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, World Wrestling Entertainment (WWE) closed at $87.56, marking a -0.64% move from the previous day.
- Zacks•12 days ago
Has World Wrestling Entertainment (WWE) Outpaced Other Consumer Discretionary Stocks This Year?
Is (WWE) Outperforming Other Consumer Discretionary Stocks This Year?
- Zacks•13 days ago
World Wrestling (WWE) Extends Strategic Partnership With Mars
World Wrestling (WWE) extends its partnership with Mars. Moreover, the company has been implementing strategies, which are likely to drive WWE Network's revenues.
- Business Wire•13 days ago
WWE® Surpasses 1 Billion Social Media Followers
WWE (WWE) today announced it has eclipsed 1 billion fans through its global social media platforms, further cementing its position as one of the most-followed brands in the world. WWE’s flagship Facebook page has more fans than the NFL, NBA, Marvel, Nike and UFC, and WWE Superstar John Cena is the No.1 most followed active American athlete on Facebook with more than 44 million likes.
- Business Wire•14 days ago
Mars and WWE® Expand Multi-Year Partnership
WWE and Mars, Incorporated today announced an expanded partnership where SNICKERS® and SKITTLES® will receive significant visibility and consumer engagement across WWE’s global platforms beginning at WrestleMania, one of the largest sports and entertainment events in the world.
- Zacks•16 days ago
WWE (WWE) Up 0.5% Since Last Earnings Report: Can It Continue?
WWE (WWE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- InvestorPlace•16 days ago
Game On for These 3 Gaming Stocks
One of the biggest trends in global entertainment is online video games. Based on the latest projections from Goldman Sachs, leading video game stocks have a long runway of growth ahead. Goldman analyst Michael Ng estimates the worldwide gaming market is worth about $135 billion and is growing at a high-single-digit pace, including PC, console and mobile revenue.Gaming has been transitioning from offline to online for years now. However, Goldman estimates 30% of gaming still takes place offline, a lower-margin business than online. Mobile gaming, esports, streaming services, subscription models and penetration of the China market are all potential long-term bullish catalysts for gaming stocks. * 5 Airline Stocks In Serious Trouble Ng recently surveyed the gaming stock space, which has been red-hot in recent years. Here are the three gaming stocks where Goldman sees the most upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gaming Stocks to Buy: Take-Two Interactive (TTWO)Source: Via RockstarTake-Two Interactive (NASDAQ:TTWO) stock tanked following the company's third-quarter earnings report in early February despite putting up some impressive numbers. The CEO even said the company "crushed the quarter." What gives?Take-Two released Red Dead Redemption 2 in the third quarter. By almost any measure, the game was a huge success. Take-Two has sold 23 million copies of the game, making it one of the most successful launches in recent memory. The critical reviews of the game have been so good that it will likely have staying power as well. However, the market may have had expectations for the game that there's simply no way it could live up to.Ng recently said Red Dead Redemption 2 and its several anticipated expansions should continue to boost Take-Two's bottom line in the near-term. In the longer-term, Ng said Grand Theft Auto VI will likely be released in fiscal 2022 or 2023 and drive at least $7 in earnings power for TTWO stock.In the meantime, Ng said in-game monetization of NBA2K will offset declining unit sales. WWE2K revenue should also get a boost from new TV deals from World Wrestling Entertainment (NYSE: WWE). Despite the sell-off, Goldman has a "buy" rating and $130 price target for TTWO stock. Activision-Blizzard (ATVI)Source: Shutterstock Like Take-Two, Activision-Blizzard (NASDAQ:ATVI) stock has taken a pounding in 2019, down 43% in the past six months. Activision also reported relatively strong fourth-quarter numbers last month. However, investors keyed in on what they saw as weak 2019 guidance. Activision also announced it would be cutting its global workforce in an effort to manage costs.Like Red Dead Redemption, Activision's smash hit Call of Duty: Black Ops was a huge success upon launch in October. Call of Duty drove double-digit quarter-over-quarter growth in Activision's monthly active users in the fourth quarter, which grew to 53 million. PC sales of the game tripled those of the franchise's previous installment, thanks in part to its "Blackout" battle royale mode. Battle royale games were the top trend in gaming in 2018, led by Fortnite and its $3 billion in profits.While Activision likely has another major catalyst in 2021 with Diablo 4, it can also benefit in the meantime from monetization of Call of Duty. Ng said the game's progression-based awards system and DLC available exclusively via passes will help drive revenue per user. * 7 Dow Jones Stocks to Buy Without another major game release coming in 2019, Goldman has only a "neutral" rating for ATVI stock. However, after the recent sell-off, there is nearly 20% upside to Goldman's $50 target. Zynga (ZNGA)Source: Shutterstock Zynga (NASDAQ:ZNGA) is the fastest-growing mobile gaming platform in the world. Zynga ended 2018 at an annual bookings run-rate of $1 billion. But unlike Activision or Take-Two, Zynga has nine new game launches on the calendar over the next two years. Zynga's so-called "bold beats" updates to its top franchises include "Legends" for CSR2, "Tile Styles" for Words With Friends and "World Poker Tour" for Zynga Poker.These bold beats updates increase both player retention and player engagement, according to Ng.In addition to the bold beats updates, Zynga has major new product launches piggy backing off of licensing deals with Game of Thrones, Harry Potter and Star Wars. New game launches are historically difficult and unpredictable. However, Ng said these new games could be the exception to the rule."Although we recognize the inherent difficulty in launching a successful mobile game, the content licenses and data-driven approach to marketing spend should help increase the likelihood of success," Ng said.Unlike Activision and Take-Two, ZNGA stock has been on fire in 2019, gaining 31% on the year. While the big run limits upside to Goldman's $5.30 price target, Ng said Zynga has a potential buyout valuation of $6. At a market cap of just $4.4 billion and significant exposure to the fastest-growing segment of the gaming industry, it wouldn't be surprising to see Apple (NASDAQ:AAPL) or another big company with cash to spend snatch up Zynga at some point in the near future.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Game On for These 3 Gaming Stocks appeared first on InvestorPlace.
- American City Business Journals•18 days ago
Tampa officially pins down WrestleMania 36
The Tampa Bay Sports Commission was vying to host the event at Raymond James Stadium in 2023, 2024 or 2025.
- Business Wire•18 days ago
Tampa Bay to Host WrestleMania®
Tampa Mayor Bob Buckhorn, Hillsborough County Commissioner Ken Hagan, the Tampa Bay Sports Commission, the Tampa Sports Authority and WWE® (WWE) are proud to announce that Raymond James Stadium in Tampa Bay will host WWE’s pop-culture extravaganza, WrestleMania, on Sunday, April 5, 2020. “Tampa Bay is proud to host WrestleMania,” said Tampa Mayor Bob Buckhorn.
- Simply Wall St.•18 days ago
Who Has Been Selling World Wrestling Entertainment, Inc. (NYSE:WWE) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are moreRead More...
- Business Wire•18 days ago
WWE®’s George Barrios to Participate in the 27th Annual Deutsche Bank Media, Internet & Telecom Conference
WWE (WWE) announced that its Co-President, George A. Barrios, will participate in a presentation at the Deutsche Bank Media, Internet & Telecom Conference in Florida on March 12, 2019. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms.
- Business Wire•20 days ago
SBS Belgium to Televise Raw® and SmackDown®
WWE and SBS Belgium today announced a new agreement to broadcast WWE’s flagship programs Raw® and SmackDown® in Belgium.
- Markit•20 days ago
See what the IHS Markit Score report has to say about World Wrestling Entertainment Inc.
World Wrestling Entertainment Inc NYSE:WWEView full report here! Summary * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort 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. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WWE had net inflows of $1.84 billion over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Motley Fool•27 days agoWhy You’re Smart to Buy WWE
The company has a lot of success already priced in but there's a big wild card that makes it a buy.
- Zacks•28 days ago
Is World Wrestling Entertainment (WWE) Stock Outpacing Its Consumer Discretionary Peers This Year?
Is (WWE) Outperforming Other Consumer Discretionary Stocks This Year?
- Business Wire•28 days ago
WWE®’s George Barrios to Participate in the Morgan Stanley Technology, Media & Telecom Conference
WWE (WWE) announced that its Co-President, George A. Barrios, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Tuesday, February 26, 2019. A replay of the fireside chat will be available after the actual event and for 90 days following the conference. WWE, a publicly traded company (WWE), is an integrated media organization and recognized leader in global entertainment.
- Business Wire•last month
DX™ to Be Inducted into WWE® Hall of Fame
WWE (WWE) today announced that D-Generation X members Triple H, Shawn Michaels, Chyna, Road Dogg, Billy Gunn and X-Pac will be inducted into the WWE Hall of Fame at a ceremony on Saturday, April 6 at Barclays Center in Brooklyn, NY as part of WrestleMania® Week. One of the most innovative and controversial factions in WWE history, D-Generation X was originally formed in 1997 and went on to become a pop culture phenomenon. Throughout the course of their respective careers, members of DX held nearly every major Championship in WWE and provided the WWE Universe with memorable moments both in and out of the ring.
- Simply Wall St.•last month
Is World Wrestling Entertainment, Inc.’s (NYSE:WWE) CEO Salary Justified?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In 2009 Vince McMahon was appointed CEORead More...
- Business Wire•last month
Houston to Host the 2020 WWE® Royal Rumble®
WWE® (WWE) today announced that Minute Maid Park in Houston will host the Royal Rumble on Sunday, January 26, 2020. The event will mark WWE’s debut at Minute Maid Park and the second time the Royal Rumble has been held at a baseball stadium following this year’s event at Chase Field in Phoenix which took place in front of a capacity crowd of 48,193. Fans attending this Sunday’s Elimination Chamber event at the Toyota Center in Houston will receive an exclusive pre-sale offer to buy tickets to the Royal Rumble before the general public. Details on ticket availability will be forthcoming.
- American City Business Journals•last month
Flick picks: ‘Fighting with My Family’ a primer on wrestling and its personalities
One doesn’t have to be a wrestling fan to enjoy this coming-of-age comedy drama about a clan of grapplers in Norwich, England, whose daughter makes it big in the WWE.
