In an effort to keep their stock price strong, WWE issued the following press release yesterday stating that their stock has only lost 7% of its value year to date, whereas the S&P 500 has lost over 32%. It should be noted that WWE’s stock closed yesterday at $13.64 which is only 29 cents above their 52-week low. Here is the official press release:
WWE Beats S&P By 25 Points
October 8, 2008
STAMFORD, Conn., October 8, 2008- In spite of the challenging environment, World Wrestling Entertainment’s stock has only lost 7% of its value year to date, whereas the S&P 500 has lost over 32%. This performance is in addition to WWE’s 10.5% dividend yield.
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