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Today, a Director at World Wrestling (NYSE: WWE), Frank Riddick, sold shares of WWE for $509.4K.
This is Riddick’s first transaction since reporting a Buy transaction on GKNTD back in May 2013 In addition to Frank Riddick, 2 other WWE executives reported Sell trades in the last month.
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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 $6.19B and the company has a P/E ratio of 127.41. Currently, World Wrestling has an average volume of 828.4K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $93.44, reflecting a -15.3% downside.
The insider sentiment on World Wrestling has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
