Insider Selling: World Wrestling Entertainment EVP Sells 6,849 Shares of Stock (WWE)
World Wrestling Entertainment (NYSE:WWE) EVP Stephanie Levesque unloaded 6,849 shares of the stock on the open market in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $10.87, for a total value of $74,448.63. Following the completion of the sale, the executive vice president now directly owns 51,945 shares in the company, valued at approximately $564,642. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
World Wrestling Entertainment (NYSE:WWE) traded down 1.01% during mid-day trading on Tuesday, hitting $10.78. 234,945 shares of the company’s stock traded hands. World Wrestling Entertainment has a 52 week low of $7.50 and a 52 week high of $11.33. The stock has a 50-day moving average of $10.12 and a 200-day moving average of $9.83. The company has a market cap of $809.5 million and a P/E ratio of 65.60.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.07. The company had revenue of $152.30 million for the quarter, compared to the consensus estimate of $138.40 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that World Wrestling Entertainment will post $0.19 EPS for the current fiscal year.
A number of research firms have recently commented on WWE. Analysts at Zacks upgraded shares of World Wrestling Entertainment from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 20th. They now have a $10.00 price target on the stock. Separately, analysts at Roth Capital upgraded shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $13.00 price target on the stock, up previously from $10.00.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company, principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
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