WWE News: WWE stock up after multiple analysts give stock "buy" status
WWE stock closed up 5.88 percent to 21.97 today. The increase reverses the downward trend the stock had experienced since WWE announced the 667,000 subscriber count for the WWE Network. The increase is on the heels of the announcement that over one million households watched WrestleMania 30 on April 6 and led to multiple stock analysts giving WWE a "buy" rating with analysts at Needham & Company predicting a $30 stock target. You can read more at AmericanBankingNews.com.
Shore's Slant: The schizophrenic WWE stock ups and downs continue. We speculated last week that those who bailed out at the subscriber number might jump back in at a later date once the Network expanded to international markets. It's possible some might be regretting their early exit as the stock rebounds off today. That one million household number has several flaws in it, but it is the only thing that can be driving this sudden swing in a positive direction.
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