Thread: Meltzer reports ESPN + likely the new home for WWE PPVs (Update Pg. 2)
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Old 02-07-2020, 07:17 PM   #61
Emperor Smeat
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Seems WWE's stocks might be getting hammered again soon.

WWE is currently facing an investigation regarding potential concerns the company violated federal securities laws in regards to their previous fiscal report. Could potential tie into their recent fiscal report and business changes as well.

Quote:
Originally Posted by Yahoo Finances
Levi & Korsinsky notifies investors that it has commenced an investigation of World Wrestling Entertainment, Inc. ("WWE" or "the Company") (WWE) concerning possible violations of federal securities laws.

On October 31, 2019, WWE released its financial results for the third quarter of 2019. The Company disclosed a large decline in net income and cash flow generated as compared to the third quarter of 2018 and cited "unfavorable timing of working capital and lower operating performance" as the cause of the decline.

Following these disclosures, WWE's stock price plummeted by 18.68%.
Link: https://finance.yahoo.com/news/equit...214500937.html
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