WWE broke a record on July 11.
According to Yahoo Finance, WWE stock closed at an all-time high of $112.22 on July 11. This is now the highest closing price since April 21, when the company closed the day at $109.35. The market cap, which is the value of all shares combined, now sits around $8.3 billion.
This is just the latest of upward trends for WWE this year as the company continues to tout record attendance and gates, as well as notable viewership and ratings. The July 7 episode of WWE SmackDown drew its highest demo rating since 2020 and continued an upward trend in viewership with over 2.5 million people tuning in to see the latest development with The Bloodline.
WWE is in the process of merging with UFC to form TKO under Endeavor. The deal is expected to be closed by the end of 2023.
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