Weakness Seen in World Wrestling Entertainment (WWE): Stock Tanks 45.5% - Tale of the Tape - Walt Disney (NYSE:DIS)

World Wrestling Entertainment Inc. WWE saw a big move last session, as the company's shares fell nearly 46% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for WWE, as the stock is now down around 47.8% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

WWE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the services sector include News Corporation NWS, The Walt Disney Company DIS and Cablevision Systems Corporation CVC. All these stocks carry a Zacks Rank #2 (Buy).

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