World Wresting Entertainment 'A' All Over The Ring After Q1 Beat

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

'' World Wrestling Entertainment WW shares are trading lower $0.24 at $14.12 in Thursday's session. Despite posting better than expected EPS ($0.13 vs. Est. $0.02) and for revenue ($176.2M vs. $171.45M) it is in the red in today's session. Initially, the Street reacted favorably to the report sending the shares from it its closing price $14.36 all the way to $15.44 off the opening bell. That marks the highest level for the issue since it peaked $17.44 on March 30. The high was followed by results from Wrestlemania 31 event. The issue ended up settling far off that level at $14.09 when negative subscriber numbers were released later in the day. Today's decline has taken the issue under $14, but has found support ahead of Wednesday's low ($13.72), only reaching $13.84 before rebounding back over $14.