World Wrestling Entertainment (WWE) Shares are Up 4.18%

World Wrestling Entertainment (WWE) : Traders are bullish on World Wrestling Entertainment (WWE) as it has outperformed the S&P 500 by a wide margin of 2.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.18% in the last 1 week, and is up 3.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 8.72%. World Wrestling Entertainment (NYSE:WWE): On Fridays trading session , Opening price of the stock was $20.85 with an intraday high of $20.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.45. However, the stock managed to close at $20.69, a loss of 1.00% for the day. On the previous day, the stock had closed at $20.9. The total traded volume of the day was 581,598 shares.


The company Insiders own 55.1% of World Wrestling Entertainment shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.93% . Institutional Investors own 46.47% of World Wrestling Entertainment shares. During last six month period, the net percent change held by insiders has seen a change of -9.93%. Also, KeyBanc maintains its rating on World Wrestling Entertainment (NYSE:WWE). The global brokerage major lowers the current price target from $22 per share to $21 per share. Analysts at the KeyBanc have a current rating of Overweight on the shares. The rating by the firm was issued on June 16, 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 Companys television programs are viewed in over 170 countries and 35 languages across the world. The Companys 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. WWEs venue merchandise segment is involved in designing, sourcing, marketing and distributing of various branded products.

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