Alert: Negative Investment/Fundamental Signals (11/10/23)-World Wrestling Entertainment In (NYSE: WWE)


World Wrestling Entertainment In (NYSE: WWE). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Notable negative changes in World Wrestling Entertainment In (NYSE: WWE) fundamentals have recently occurred. Negative developments: the stock’s power rating fell below 50, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly sales acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

WWE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

World Wrestling Entertainment In has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. World Wrestling Entertainment In has a neutral Power Rating of 40 but a poor Appreciation Score of 17, and the Lowest Value Trend Rating results.

Recent Price Action

World Wrestling Entertainment In (NYSE: WWE) stock closed at $79.26 on 11/10/23 after a very large decline of -6.6%. The stock has performed in line with the market over the last nine months and has declined -5.0% during the last week.

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