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Stephanie McMahon continues to sell stock, WWE stock bounces back
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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.