The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) is a huge mover today! The stock decreased 4.49% or $0.8 on November 8, hitting $17.01. About 703,350 shares traded hands or 46.82% up from the average. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 8.27% since April 6, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.
The move comes after 7 months negative chart setup for the $1.32 billion company. It was reported on Nov, 8 by Barchart.com. We have $15.65 PT which if reached, will make NYSE:WWE worth $105.60 million less.
World Wrestling Entertainment, Inc. (NYSE:WWE) Ratings Coverage
Out of 6 analysts covering World Wrestling (NYSE:WWE), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. World Wrestling has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, July 31 by Needham. Pacific Crest initiated World Wrestling Entertainment, Inc. (NYSE:WWE) on Tuesday, March 29 with “Overweight” rating. As per Tuesday, April 5, the company rating was maintained by Pacific Crest. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, June 16. The company was downgraded on Friday, October 28 by Pacific Crest. The firm has “Overweight” rating given on Tuesday, April 5 by KeyBanc Capital Markets. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 28. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) has “Neutral” rating given on Monday, August 3 by Hilliard Lyons.
According to Zacks Investment Research, “World Wrestling Federation Entertainment Inc. is an integrated media and entertainment company, principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events, and the licensing and sale of branded consumer products featuring our highly successful World Wrestling Federation brand.”
Insitutional Activity: The institutional sentiment decreased to 1.59 in Q2 2016. Its down 0.05, from 1.64 in 2016Q1. The ratio fall, as 15 funds sold all World Wrestling Entertainment, Inc. shares owned while 26 reduced positions. 13 funds bought stakes while 52 increased positions. They now own 34.87 million shares or 5.22% more from 33.14 million shares in 2016Q1.
Cap Impact Advsrs has 50,800 shares for 0.44% of their US portfolio. Morgan Stanley last reported 2.24 million shares in the company. Whittier Tru accumulated 0% or 1,500 shares. Susquehanna Int Ltd Liability Partnership reported 46,000 shares or 0% of all its holdings. Rhumbline Advisers has invested 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Moreover, Louisiana State Employees Retirement has 0.01% invested in World Wrestling Entertainment, Inc. (NYSE:WWE) for 15,200 shares. Marshall Wace Llp, a United Kingdom-based fund reported 137,822 shares. Lindsell Train accumulated 6.12M shares or 6.13% of the stock. Northern Tru last reported 0% of its portfolio in the stock. The United Kingdom-based Ibis Cap Partners Llp has invested 4.59% in World Wrestling Entertainment, Inc. (NYSE:WWE). Artemis Inv Ltd Liability Partnership owns 577,071 shares or 0.17% of their US portfolio. Cim Inv Mangement Inc holds 19,372 shares or 0.15% of its portfolio. Jpmorgan Chase Company last reported 0% of its portfolio in the stock. Fifth Third Savings Bank reported 503 shares or 0% of all its holdings. First Manhattan holds 0% or 16,717 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 11 selling transactions for $105.75 million net activity. Luisi Michael J. also sold $168,424 worth of World Wrestling Entertainment, Inc. (NYSE:WWE) shares. 11,071 shares were sold by Collins Casey, worth $223,745 on Wednesday, August 10. Another trade for 2.19 million shares valued at $36.17 million was sold by Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5 – 2013. Wilson Michelle D sold $253,011 worth of stock. Another trade for 40,000 shares valued at $720,800 was sold by DUNN KEVIN. $36.17 million worth of World Wrestling Entertainment, Inc. (NYSE:WWE) was sold by MCMAHON VINCENT K. Kowal Mark also sold $135,980 worth of World Wrestling Entertainment, Inc. (NYSE:WWE) on Thursday, August 11.
More notable recent World Wrestling Entertainment, Inc. (NYSE:WWE) news were published by: Fool.com which released: “Why Did World Wrestling Entertainment Inc. Drop 17% in October?” on November 05, 2016, also Fool.com with their article: “How Safe Is World Wrestling Entertainment, Inc. Stock?” published on July 12, 2016, Fool.com published: “A Strong Case for Buying World Wrestling Entertainment Inc.” on September 15, 2016. More interesting news about World Wrestling Entertainment, Inc. (NYSE:WWE) were released by: Fool.com and their article: “Here’s Why World Wrestling Entertainment Inc. Gained More Than 40% in 2015” published on January 04, 2016 as well as Fool.com‘s news article titled: “Why World Wrestling Entertainment Stock Looks Set for Long-Term Growth” with publication date: April 09, 2016.
WWE Company Profile
World Wrestling Entertainment, Inc. (WWE), incorporated on July 28, 1987, is an integrated media and entertainment company. The Firm is engaged in the production and distribution of content through various channels, including its over-the-top WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands. The Company’s activities are organized around various principal activities, including Media Division, which consists of Network, Television, Home Entertainment and Digital Media; Live Events; Consumer Products Division, which consists of Licensing, Venue Merchandise and WWEShop, and WWE Studios. The Firm operates in 10 divisions: Network, which includes its pay-per-view business; Television; Home Entertainment and Digital Media, which are individual divisions that comprise the Media Division; Live Events; Licensing, Venue Merchandise and WWEShop, which are individual divisions that comprise the Consumer Products Division; WWE Studios, and Corporate and Other.
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