WWE Stock Plummets After Saudi Arabia Controversy

WWE had some problems with the Saudi Arabians after Crown Jewel. The controversial country reportedly didn’t pay WWE until just before the show went live. This caused Vince McMahon to delay the Saudi Arabian broadcast of Crown Jewel.

In what was described as a “dick waving contest” between Vince McMahon and the Saudis, WWE Superstars were made to stay in Saudi Arabia way longer than first expected.

They blamed “mechanical issues” for this problem. AJ Styles has since come out with a different version of the story. Others are smelling a cover up.

WWE stock is not at around $100 like it once was when executives started unloading shares. This morning, the price fell $2 even before the market opened. As of this writing, WWE stock as at $53.54 USD, down −$2.42 at a 4.32% drop.

We’ll have to see if WWE can rebound their stock, but as you can see from the graphic below they are trending downward.