World Wrestling Entertainmentinc (WWE) Files Form 4 Insider Selling : Kevin Dunn Sells 40,000 Shares

World Wrestling Entertainmentinc (WWE): Kevin Dunn , Executive Producer & Chief Glo of World Wrestling Entertainmentinc sold 40,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $18.02 per share for a total value of $720,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Vincent K Mcmahon (director officer 10% owner (Chief Executive Offic) sold 2,191,894 shares at $16.50 per share price.On Dec 3, 2015, Stephanie Levesque (Chief Brand Officer) sold 49,733 shares at $17.30 per share price.Also, On Aug 21, 2015, Michael J. Luisi (President, WWE Studios) sold 25,000 shares at $20.75 per share price.On Aug 12, 2015, Basil V. Jr. Devito (Sr. Advisor, Bus. Strategies) sold 4,100 shares at $21.75 per share price.

World Wrestling Entertainment: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in World Wrestling Entertainment which led to swings in the share price. The shares opened for trading at $17.8 and hit $18.28 on the upside , eventually ending the session at $17.96, with a gain of 0.90% or 0.16 points. The heightened volatility saw the trading volume jump to 3,90,086 shares. The 52-week high of the share price is $23.63 and the company has a market cap of $1,364 M . The 52-week low of the share price is at $14.2.

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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