WWE Stock may go up even higher with new deal with FOX
WWE stock is making all kinds of news on the stock market. A stock that on May 24th 2013 sold a little over $9 per share. For the next several years the stock rumbled a bit hitting a high of $30 on May 21st 2014. The stock stayed in the $20 range after that till recently when the stock started to climb on news the company had struck a new deal with a lucrative TV contract with the flagship show called Monday Night Raw shown on Monday nights on USA.
This stock offered share holders about ,50 cents dividend on each share of stock. Though the stock stayed stable this offered investors some incentives to invest in the stock, Closing bell today May 21st 2018 WWE stock sores to the highest is ever has been closing at little over $52 per share.
However the wave may not be over as FOX and WWE seemed to make a deal for Smackdown for 5 years to be worth 1 Billion dollars or 250 Million dollars per year. As per sources this will take effect in October 2019. However it may end the live feed show currently on USA and the show possibly could go back to being pre taped. There is no word if it will remain a 2 or 3 hour show.
Also it will be moved to Friday nights according to sources reporting on the sale.
So here is the question is WWE stock a good buy , and will it hold the current value?
There is speculation the stock could go up even more after the deal with Fox is confirmed.
So what are the experts saying about the stock?
Some predictions is that the stock will level out at around $41 to $47 per share. most experts are in the BUY mode for short term and long term on this stock and company.
Some experts put the stock in the High Risk areas it has risen around 29%. and some experts predict this will only be for a short time than the stock will fall back down into the $40 to $50 range. Most experts agree the stock will stay in this area.
THINGS THAT MAY HURT THE STOCK:
VIEWERSHIP DECLINE
SUPERSTARS INSURES
BAD STORY LINES
LAWSUITS AGAINST WWE
WWE NETWORK SUBSCRIPTIONS GO DOWN
COMPANY REVENUES DECLINE
ENTERTAINERS STRIKE OR DO NOT WRESTLE
THE MOVE DOES NOT GO WELL FOR SMACKDOWN TO FOX
This stock offered share holders about ,50 cents dividend on each share of stock. Though the stock stayed stable this offered investors some incentives to invest in the stock, Closing bell today May 21st 2018 WWE stock sores to the highest is ever has been closing at little over $52 per share.
However the wave may not be over as FOX and WWE seemed to make a deal for Smackdown for 5 years to be worth 1 Billion dollars or 250 Million dollars per year. As per sources this will take effect in October 2019. However it may end the live feed show currently on USA and the show possibly could go back to being pre taped. There is no word if it will remain a 2 or 3 hour show.
Also it will be moved to Friday nights according to sources reporting on the sale.
So here is the question is WWE stock a good buy , and will it hold the current value?
There is speculation the stock could go up even more after the deal with Fox is confirmed.
So what are the experts saying about the stock?
Some predictions is that the stock will level out at around $41 to $47 per share. most experts are in the BUY mode for short term and long term on this stock and company.
Some experts put the stock in the High Risk areas it has risen around 29%. and some experts predict this will only be for a short time than the stock will fall back down into the $40 to $50 range. Most experts agree the stock will stay in this area.
THINGS THAT MAY HURT THE STOCK:
VIEWERSHIP DECLINE
SUPERSTARS INSURES
BAD STORY LINES
LAWSUITS AGAINST WWE
WWE NETWORK SUBSCRIPTIONS GO DOWN
COMPANY REVENUES DECLINE
ENTERTAINERS STRIKE OR DO NOT WRESTLE
THE MOVE DOES NOT GO WELL FOR SMACKDOWN TO FOX
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