WWE: Weekly Stock Highlights #6: Nov 5th – Nov 9th, 2018
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
| Day | Open | Close | Change |
| Monday | $70.26 | $73.15 | +4.26% |
| Tuesday | $73.13 | $73.00 | -0.21% |
| Wednesday | $73.50 | $75.28 | +3.12% |
| Thursday | $75.07 | $70.07 | -6.92% |
| Friday | $69.50 | $69.57 | -0.71% |
Highlights From The Week
No major catalysts this week.
Kevin’s Take
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.
Next. Who Will Alexa Bliss Pick For Team Raw. dark