Alert: Positive Investment/Fundamental Signals (4/2/24)-World Wrestling Entertainment In (NYSE: WWE)


World Wrestling Entertainment In (NYSE: WWE) has benefited from notable positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.

Recent notable positive changes in investment behavior have benefitted World Wrestling Entertainment In (NYSE: WWE). Positive developments: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend. Negative development: negative upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WWE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

World Wrestling Entertainment In has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. World Wrestling Entertainment In has a very high Appreciation Score of 85 but a very low Power Rating of 4, producing the Negative Value Trend Rating.

Recent Price Action

World Wrestling Entertainment In (NYSE: WWE) stock closed at $90.63 on 4/2/24 after a very large increase of 5.2%. Moreover, exceptionally high trading volume at 282% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 4.6% during the last week.

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