WWE Stock Suffers Massive Drop After Saudi Arabian Investment Fund

Vince McMahon’s return to WWE as the Executive Chairman made it evident that he planned on taking over the company again. That is exactly what happened and in just the span of three months, McMahon managed to sell the company after discussing with numerous potential buyers. It has been several months since then and it appears WWE’s stock has suffered a massive drop recently.

WWE has gone through numerous changes in the past year, especially after Triple H took over the Creative aspect of the company. With it, the company has seen record-breaking numbers for their Premium Live Events.

However, according to PWInsider, WWE’s stock opened at and closed at $110.05 on August 30th. That said, the stock has seen a sharp decline, as it went down $12.90 to $97.50.

According to a report by SeekingAlpha.com, the sharp drop in stock is part of a ripple effect of a Saudi Arabian investment fund investing in UFC competitor The Professional Fighters League, which is a group that recently ran the Theater in Madison Square Garden. 

Even WWE’s parent company Endeavor saw a drop in stock. With WWE set to merge with UFC as TKO Holdings, MMA will become a part of the company’s business. Regardless, we’ll have to wait and see when WWE’s stock will rise back up again.

What are your thoughts on WWE’s sharp decline in stock today? Do you think the stock will rise soon enough? Let us know in the comments below!