Triple H Sells WWE Stock Worth $2 Million
The Game cashes in.
Paul 'Triple H' Levesque, WWE's (big breath) Executive Vice President of Global Talent Strategy and Beardy Dad traded an absolute chunk of his WWE stocks earlier this week, after the company closed trade with strong numbers on the NYSE.
An SEC filing revealed that Levesque flogged nearly 40% of his existing shares, with two separate transactions disposing 45,388 and 7,409 shares respectively. At approximately $45 per share, that adds up to a cool $2.5 million. Filthy figures!
This isn't the first time The Game has played the stock market this year; back in May, he dispensed with over 23,000 shares, to the tune of a million bucks.
Don't be too alarmed by Levesque's financial exchange firesale: he still retains 81,325 shares in WWE, whilst wife Stephanie also possesses a sizable stake. Obviously, stockholders with a significant operational stake in a company divesting over 40% of their shares in one swoop doesn't exactly fill other backers with immense confidence about the investment's future prospects, but this could just be a case of 'sell whilst it's hot'.
The real question is what will Hunter spend all his moolah on? Reinvigorate the economy with a donation? Or how about an Orlando super PAC? Watch this space!