WWE Stock Shoots Up Following Vince McMahon Retirement & Triple H's New Creative Role
WWE stock has today taken a major upturn.
Following quite the noteworthy few days for WWE, today brings a sharp increase in the value of WWE stock.
As picked up on by Sean Ross Sapp of Fightful, WWE stock has risen by 9.51% per share. That's a $6.30 increase from $66.22 to $72.52.
WWE stock has already shot up 9.51% today following the news of Vince McMahon's retirement and Triple H heading creative. pic.twitter.com/hzLIQALStp
Advertisement— Sean Ross Sapp of Fightful.com (@SeanRossSapp) July 25, 2022
This all comes hot on the heels of today's news of Paul Levesque being appointed WWE's new head of creative. In addition to his regular duties as WWE's Executive Vice President, Talent Relations, Levesque will be overseeing the creative for all main roster programming.
Prior to this, of course, last Friday saw the shocking news that Vince McMahon was retiring entirely from WWE. Currently in the midst of an investigation by the WWE Board of Directors due to alleged misconduct - and with the prospect of the Wall Street Journal releasing more stories pertaining to previous NDAs put in place by McMahon - the 76-year-old cited he "feels it's time for me to retire".
Just a matter of weeks earlier, McMahon, while already under investigation, held a meeting where he reiterated to talent that he would not be leaving WWE under any circumstances. As such, several tops stars were said to have been left "dejected" at how the news of Vince's retirement came so out of left-field.