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.

Get A CUSTOM Music Player For Your MySpace Page + LISTEN To MP3s ***FREE***

This update was posted on Thursday, October 9th, 2008 at 10:53 am and is filed under News & Rumors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.