WWE Executives Sell Stock Ahead Of Q2 Earnings Call

Vince McMahon offloaded $886,794 worth of company shares.

WWE Corporate
WWE

Ahead of their Q2 earnings call tomorrow, several top WWE executives have shifted a boatload of the company's stock.

According to PWInsider, recent SEC filings show that Vince McMahon, Paul 'Triple H' Levesque and Stephanie McMahon all flogged thousands of shares at $70.23 a piece. Company co-presidents George Barrios and Michelle Wilson also cashed in, as did long-time producer Kevin Dunn and Corporate Controller (don't ask) Mark Kowal.

The group sold the following:

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- Vince McMahon sold 12627 shares for $70.23

- George Barrios sold 139175 shares for between $69.46 to $70.62

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- Kevin Dunn sold 68628 shares for $70.23

- Mark Kowal sold 3845 shares for $70.23

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- Paul Levesque sold 17563 shares for $70.23

- Stephanie McMahon sold 17681 shares for $70.23

- Michelle Wilson sold 65318 shares for $70.23

Presumably, WWE are expecting the stock value to fall following tomorrow's earnings call - hence the trades. This past week, the company promoted a huge 'Raw Reunion' show in the hope a spike in ratings will appease investors come Thursday, who have seen numbers continue to tumble throughout the year.

Since the corporate offloading, the stock price has already dropped a dollar. With no excuses left for their lack of upswing, it might be a while before it rebounds.

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Editorial Team
Editorial Team

Benjamin was born in 1987, and is still not dead. He variously enjoys classical music, old-school adventure games (they're not dead), and walks on the beach (albeit short - asthma, you know). He's currently trying to compile a comprehensive history of video game music, yet denies accusations that he purposefully targets niche audiences. He's often wrong about these things.