WWE To Host Business Outlook Call Following Stock Drop
Posted by Jeremy Thomas on 05.16.2014
Plus how much did Vince McMahon lose today?
- As we reported, WWE's stock tanked today and closed at $11.27, down $8.66 or 43.45%. It is up $0.05 (0.44%) in after-hours trading. Forbes reports that Vince McMahon lost $340 million due to the stock plummet and points out that WWE's lack of detail in their release contributed heavily to the drop.
The company has announced that they will hold a business outlook conference call on Monday with McMahon and CFO George Barrios hosting. It begins at 11:00 AM ET and those interested can listen via a live webcast at corporate.wwe.com.