World Wrestling Entertainmentinc (WWE) Files Form 4 Insider Selling : Vincent K Mcmahon Sells 2,191,894 Shares

World Wrestling Entertainmentinc (WWE): Vincent K Mcmahon , director officer 10% owner (Chief Executive Offic of World Wrestling Entertainmentinc sold 2,191,894 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $16.50 per share for a total value of $36166252 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 3, 2015, Stephanie Levesque (Chief Brand Officer) sold 49,733 shares at $17.30 per share price.On Aug 21, 2015, Michael J. Luisi (President, WWE Studios) sold 25,000 shares at $20.75 per share price.Also, On Aug 12, 2015, Basil V. Jr. Devito (Sr. Advisor, Bus. Strategies) sold 4,100 shares at $21.75 per share price.On Aug 10, 2015, Mark Kowal (SVP, Controller; CAO) sold 6,000 shares at $21.84 per share price.

Shares of World Wrestling Entertainment (WWE) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.11% at $17.91 with 2,92,469 shares getting traded. Post opening the session at $18.02, the shares hit an intraday low of $17.67 and an intraday high of $18.1089 and the price vacillated in this range throughout the day. The company has a market cap of $1,360 M and the number of outstanding shares has been calculated to be 7,59,52,659 shares. The 52-week high of World Wrestling Entertainment is $23.63 and the 52-week low is $13.15.

World Wrestling Entertainment Money Flow Index Chart

On Apr 21, 2016, World Wrestling Entertainment announced a cash dividend of $0.1200. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 27, 2016.

Company has been under the radar of several Street Analysts.World Wrestling Entertainment is Initiated by Pacific Crest to Overweight and the brokerage firm has set the Price Target at $22. The Rating was issued on Mar 29, 2016.

World Wrestling Entertainment Inc. (WWE) is a media and entertainment company. The Company is involved in the sports entertainment business. The Company develops content through network television online and its live events. The Company operates in 10 segments: Network Television Home Entertainment Digital Media Live Events Licensing Venue Merchandise WWEShop WWE Studios and Corporate and Other. Its network segment includes its pay-per-view business. Its WWE Network is available approximately in 170 countries and territories. The Company’s television programs are viewed in over 170 countries and 35 languages across the world. The Company’s home entertainment titles are sold through retailers as well as subscription and transactional on-demand outlets. WWE also markets and distributes content and digital products and sells online advertising. WWE’s venue merchandise segment is involved in designing sourcing marketing and distributing of various branded products.

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