WWE stock erased major gains from Monday and Wednesday to close at $69.57 this week. WWE stock closed at $70.16 last Friday. This represents a one-week decrease of -0.84%.
Since I have started covering WWE stock on Daily DDT (about 6 weeks), the stock is down -28.54% ($97.36).
WWE’s 52-week low is $27.10. Thus, WWE still trades 156.72% above that benchmark.
WWE STOCK PERFORMANCE, WEEK OF 11/12 TO 11/16
Highlights From The Week
No major catalysts this week.
WWE stock has done nothing good since October 1st. The stock has routinely traded down week over week with only a slight .5% gain last week. The momentum in this name has seriously cooled since it’s rocketship level rise earlier in the year. While I continue to reiterate a 2019 PT of $82, this stock may see $60 long before it sees $80 first, as the stock needs some heavy buying to put in a floor.
WWE is currently trading at 53x 2019 earnings estimates ($1.31 EPS) and 22x 2020 earnings estimates ($3.29 EPS) based on Friday’s closing price of $69.57.
Catch Up: Last 3 Weekly Highlights
Weekly Highlights #5, Week of 10/29 through 11/02
Weekly Highlights #4, Week of 10/22 through 10/26
Weekly Highlights #3, Week of 10/15 through 10/19
Selected Analyst Reports
Kevin Cavanagh (Me!) via Seeking Alpha: $82 Price Target
KeyBanc: $104 Price Target (*High Price*)
Morgan Stanley: $100 Price Target
BTIG: $92 Price Target
Disclosure: I have no positions in WWE stock and no plans to initiate any positions within the next 72 hours. Investors should do their own due diligence before making any investment decisions.