Stephanie McMahon continues to sell stock, WWE stock bounces back

Stephanie McMahon

WWE EVP Stephanie McMahon sold more of her World Wrestling Entertainment stock. She sold 19,984 shares this past Monday at an average price of $9.99 a share. She also sold 5,468 last Friday at an average price of $10.12 a share. She still retains 51,945 shares of the stock directly under her name, with a market value of over $500,000.

Meanwhile, WWE stock bounced back 0.41% today after falling nearly 4% on Monday. The company had trimmed their outlook for 2013 last Friday due to lowered revenue expectations and higher investment spending. The stock closed on Tuesday at $9.83.