There's a new article up on the New York Post that details Stephanie McMahon's recent stock sales, roughly 833,000 shares that has netted the "Billion Dollar Princess" over $8 million. The report claims that Stephanie sold those shares over 43 separate transactions that ranged from $9.05 to $10.89 per share. She now holds about 7 percent of the voting power in WWE. While some have speculated that the WWE is expecting a loss in profit, and that Stephanie was simply trying to get out early, New York Post is reporting that she has sold the stock "for financial purposes that include building a house."
The article also says that WWE CEO Vince McMahon still holds 87 percent of the company's voting stock.
Have a news tip?Attended an event and want to send a live report?