Written by: Former XHeadlines Writer on Thursday, October 9th, 2008
In an effort to keep their stock price strong, WWE issued the following press release yesterday stating that their stock has only lost 7% of its value year to date, whereas the S&P 500 has lost over 32%. It should be noted that WWE’s stock closed yesterday at $13.64 which is only 29 cents above their 52-week low. Here is the official press release:
WWE Beats S&P By 25 Points
October 8, 2008
STAMFORD, Conn., October 8, 2008- In spite of the challenging environment, World Wrestling Entertainment’s stock has only lost 7% of its value year to date, whereas the S&P 500 has lost over 32%. This performance is in addition to WWE’s 10.5% dividend yield.
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