World Wrestling Entertainment (WWE) : Traders are bullish on World Wrestling Entertainment (WWE) as it has outperformed the S&P 500 by a wide margin of 4.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.16% in the last 1 week, and is up 5.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
World Wrestling Entertainment Inc. is up 23.74% in the last 3-month period. Year-to-Date the stock performance stands at 18.94%. The stock has recorded a 20-day Moving Average of 4.02% and the 50-Day Moving Average is 8.19%.
World Wrestling Entertainment (NYSE:WWE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.85 and $20.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.93, notching a gain of 0.29% for the day. The total traded volume was 317,669 . The stock had closed at $20.87 on the previous day.
Also, Equity analysts at the Brokerage firm KeyBanc maintains its rating on World Wrestling Entertainment (NYSE:WWE). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at KeyBanc lowers the price target from $22 per share to $21 per share. The rating by the firm was issued on June 16, 2016.
World Wrestling Entertainment, Inc. (WWE) is a media and entertainment company. The Company is involved in the sports entertainment business. The Company develops content through network, television, online and its live events. The Company operates in 10 segments: Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. Its network segment includes its pay-per-view business. Its WWE Network is available approximately in 170 countries and territories. The Companys television programs are viewed in over 170 countries and 35 languages across the world. The Companys home entertainment titles are sold through retailers, as well as subscription and transactional on-demand outlets. WWE also markets and distributes content and digital products, and sells online advertising. WWEs venue merchandise segment is involved in designing, sourcing, marketing and distributing of various branded products.