Today, a Director at World Wrestling (NYSE: WWE), Jeffrey Speed, sold shares of WWE for $352.4K.
In addition to Jeffrey Speed, 8 other WWE executives reported Sell trades in the last month. Following Jeffrey Speed’s last WWE Sell transaction on August 10, 2018, the stock climbed by 2.9%.
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Based on World Wrestling’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $282 million and quarterly net profit of $9.95 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $5.09 million. WWE’s market cap is $6.35B and the company has a P/E ratio of 130.59. Currently, World Wrestling has an average volume of 669.3K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $95.78, reflecting a 15.4% upside.
The insider sentiment on World Wrestling has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jeffrey Speed’s trades have generated a -3.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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World Wrestling Entertainment, Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
