Shares of WWE stock closed at $9.70 per share on Wednesday after hitting a 52-week low of $9.69 per share. WWE’s stock price closed at $10.01 per share Tuesday before dropping 3.1 percent. At the time of this post, the stock is at $9.69 per share after hitting another 52-week low of $9.44 this morning. WWE’s stock price has continuously plummeted since the organization announced in April that their dividend price would be slashed. One year ago, WWE stock was valued at approximately $16 per share.
Ultimate Warrior’s inflammatory online video in which he accused longtime rival Hulk Hogan of being a cocaine-using, wife-swapping “dope head” as well as a “malicious, back-stabbing operator” has garnered mainstream coverage. FoxNews.com has posted an article on the story. The matter was also discussed some morning radio talk shows. Meanwhile, Hogan explained to a fan yesterday on Twitter why he plans on filing a lawsuit against the master of the Gorilla Press Slam. He wrote, “Deformation of character hurts business and lives and let’s people like you doubt, then follow and believe in the hate and lies.”