WWE

WWE stock plummets day after WrestleMania

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Last night saw the pinnacle of the WWE play out as stars, past and present, came together to entertain the world at WrestleMania XXX.

But the morning after the extravaganza, held this year at the New Orleans Superdome, the WWE had some bad news.

After releasing subscription figures for the WWE Network for the first time today, the money men were clearly unimpressed with the 667,287 total to date that was revealed.

Investors had been expecting the organization to boast figures north of one million for the organization's new subscription service and reaction to the news saw WWE's stock plummet.

On Sunday the price for 'World Wrestling Entertainment, Inc.' stock stood at around 28.

But, as shown in this image from Google Finance, by midday Monday the price had fallen to 22.44.

Likely this is just a knee jerk reaction to the slightly disappointing figures and the price should rise again in the near future. But Vince McMahon and co may be a little worries after this negative reaction following several months of seemingly non-stop positive news for the organization.

The WWE has been going from strength to strength in recent times, with last night's major event drawing huge crowds both at the arena and watching on television.

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Topics:
WWE
Wrestlemania

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