Large Outflow of Money Witnessed in World Wrestling Entertainment, Inc.

World Wrestling Entertainment, Inc. (WWE) managed to eke out gains of 1.1% in intraday trade. The share price increased by 0.22 points to $19.8. Till last observation, the net money flow was recorded at a negative $(-1.13) million. The total inflow of $0.43 million in upticks was completely overshadowed by an outflow of $1.56 million in downticks, giving the up/down ratio a value of 0.27. The shares have seen a change of 1.51% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.09 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.09) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

World Wrestling Entertainment, Inc. has dropped 0.41% in the last five trading days, however, the shares have posted positive gains of 6.58% in the last 4 weeks. World Wrestling Entertainment, Inc. is up 11.59% in the last 3-month period. Year-to-Date the stock performance stands at 6.58%. World Wrestling Entertainment, Inc. (NYSE:WWE) rose 0.15% or 0.03 points on Wednesday and made its way into the gainers of the day. After trading began at $19.74 the stock was seen hitting $19.955 as a peak level and $19.525 as the lowest level. The stock ended up at $19.61. The daily volume was measured at 771,591 shares. The 52-week high of the share price is $21.5499 and the 52-week low is $14.2. The company has a market cap of $1,498 million.

Company has reported several Insider transactions to the SEC, on Aug 22, 2016, Michelle D Wilson (Chief Revenue & Marketing Off) sold 12,100 shares at 20.91 per share price.On Aug 18, 2016, Vincent K Mcmahon (director officer 10% owner (Chief Executive Offic) sold 1,547,372 shares at 19.32 per share price.On Aug 15, 2016, Kevin Dunn (Executive Producer & Chief Glo) sold 56,000 shares at 20.55 per share price.

World Wrestling Entertainment Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.18. The company had revenue of $164.20 million for the quarter, compared to analysts expectations of $173.91 million. The companys revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.World Wrestling Entertainment was Initiated by Guggenheim to Buy on Jan 12, 2017. World Wrestling Entertainment was Initiated by MKM Partners to Buy on Jan 10, 2017.

World Wrestling Federation Entertainment Inc. is an integrated media and entertainment company, principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events, and the licensing and sale of branded consumer products featuring our highly successful World Wrestling Federation brand.


Share this post

Leave a Reply