WWE Announces Stock Repurchase Program
On February 7, WWE (WWE) announced that the company’s Board of Directors authorized a stock repurchase program. Managers will be allowed to repurchase up to $500 million in common stock as part of the program. WWE is a global leader in integrated media and entertainment.
Sonal alerted subscribers of the event at 8:30 am. The stock price spiked to $83.89 on the news release and then pulled back through the morning before beginning to climb again to the close. The rise in the stock price continued over the next four trading sessions to close at $88.24 on February 13. That makes a five-day gain of 5.2% for investors.
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