UPDATE – Vince McMahon is officially back on the WWE Board of Directors, read more at this link.
The stock market closing for the day has revealed how WWE stock has been affected by the report of Vince McMahon plotting his WWE return.
As previously reported, the Wall Street Journal have released a new report which details how Vince McMahon is hoping to make a return to the company in order to pursue a sale of WWE.
With the report circulating quickly, many have wondered how this news would affect the stock market for the company.
PWInsider reports that WWE’s stock has jumped in after-market trading since the closing of trading this afternoon on Wall Street.
WWE’s stock closed at 4PM ET today at $72.04. Since then, as of this writing, it is now up $7.96 to $80.00, an 11.05% increase.
This result seems to indicate that Wall Street is excited about the possibility of a potential sale of the company Vince McMahon wants to explore.
McMahon also released a statement in response to the Wall Street Journal report, which you can read here.
We will have further updates on Vince McMahon and a potential WWE sale when they become available.
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