WWE Stock Closes At All-Time High
Another record for WWE
WWE's stock price continues to rise.
The company's share price closed at $114 on Thursday, August 10, setting a new record closing high for WWE. The previous high was set on July 11 when WWE's stock reached $111 at the close of trading in the United States.
WWE's stock price also reach a new all-time record high of $114.72 just before trading closed on August 10. The previous high was also on July 11, with the stock briefly reaching $112.22 before falling to $111.
This leaves WWE's market cap at approximately $9.4 billion.
The high stock price comes ahead of WWE's merger with UFC under TKO Group Holdings, with the merger expected to be completed in mid to late September. Vince McMahon agreed to sell WWE to Endeavor in April 2023, only a few months after he forced his way back into WWE after initially resigning as WWE CEO and Chairman due to a sexual misconduct and hush money scandal in the summer of 2022.
Alongside the upcoming merger, WWE SummerSlam set multiple records, with the 2023 pay-per-view becoming the highest-grossing and most-watched SummerSlam in history.
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Written by Aidan Gibbons
Editor-in-Chief of Cultaholic.com Twitter: @theaidangibbons