Market Overview

World Wrestling Entertainment Shares Yet To Follow Through On Wednesday's Rally

Related WWE
Mattel Has One Of The Most Valuable Brand Portfolios In All Of Consumer Products
Outta Nowhere, Jinder Mahal Becomes First Indian WWE Champion: Smart Business Move?

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

World Wrestling Entertainment, Inc. (NYSE: WWE) shares were unchanged at $16.45 in Thursday's session. The issue had a big rally in Wednesday's session, moving up from $15.81 to $17.18 before falling back to close at $16.45.

The catalyst for the rally was an initiation of coverage by BTIG Research with a Buy rating and a $25 price target.

WWE has been attempting to regain lost ground when it tumbled from a high of $17.44 intraday to $13.75, before rebounding to end the March 30 session at $14.09. Cautious comments during a post-Wrestlemania 31 conference call rattled investors and caused the steep decline.

The momentum has yet to have follow through as the issue reached $16.70 off the open, but has traded on both sides of the close for the majority of today's session.

Posted-In: Premarket outlookTechnicals Intraday Update Trading Ideas


Related Articles (WWE)

View Comments and Join the Discussion!