WWE Stock Hits Lowest Number Since Recent Surge
WWE's stock fell to its lowest point today since its recent surge, dropping $1.50 per share to close at $18.83.
This drop comes a day after the company released its 2014 first quarter financial information, which reported an $8 million loss. Despite the revenue loss, however, WWE's stock was up yesterday as the revenue numbers were still better than projected by industry analysts.
It should be noted that while WWE attributed the revenue loss to the launch of the Network, it seems as if other factors contributed to the drop as releases today showed almost all core business metrics, with the exception of WWE Studios, which was also down in profitability.
WWE Extreme Rules Pre-Show Promo
WWE has released the following video promo for this Sunday night's Extreme Rules pre-show:
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