WWE Stock Hits 52-Week High
World Wrestling Entertainment (aka WWE) has seen company stock rise more than 50% in 2022, hitting a 52-week high
World Wrestling Entertainment (aka WWE) has seen company stock rise more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn’t seen since summer 2019, according to CNBC.
The news is surprising considering longtime leader and biggest shareholder, Vince McMahon, officially retired from the company amid a storm of scandal this year. McMahon, 77, remains the largest stakeholder in the company, holding about 32% of shares.
Many insiders have speculated that WWE could be an acquisition target, with a deal likely to come prior to the company’s next United States television rights renewal, which is likely to land in mid-2023.
Currently, WWE has a streaming deal with Peacock (NBCUniversal) that is set to expire in 2026.