Insider Selling: World Wrestling Entertainment Insider Sells 70,107 Shares of Stock (WWE)
World Wrestling Entertainment (NYSE:WWE) Insider Stephanie Levesque sold 70,107 shares of the stock on the open market in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $15.58, for a total value of $1,092,267.06. Following the sale, the insider now directly owns 51,945 shares in the company, valued at approximately $809,303. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
World Wrestling Entertainment (NYSE:WWE) traded up 2.53% on Wednesday, hitting $16.22. The stock had a trading volume of 758,783 shares. World Wrestling Entertainment has a 52-week low of $7.91 and a 52-week high of $16.94. The stock has a 50-day moving average of $15. and a 200-day moving average of $11.85. The company has a market cap of $1.218 billion and a price-to-earnings ratio of 104.77.
World Wrestling Entertainment (NYSE:WWE) last released its earnings data on Thursday, October 31st. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.02. The company had revenue of $113.30 million for the quarter, compared to the consensus estimate of $104.77 million. During the same quarter last year, the company posted $0.07 earnings per share. World Wrestling Entertainment’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that World Wrestling Entertainment will post $0.10 earnings per share for the current fiscal year.
Separately, analysts at National Alliance Securities initiated coverage on shares of World Wrestling Entertainment in a research note to investors on Tuesday, November 5th. They set a “hold” rating and a $14.12 price target on the stock.
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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