Is World Wrestling Entertainment, Inc. (WWE) a Stock to Watch After Losing -1.04% This Week?

Tuesday, May 30, 2023 12:41 PM | InvestorsObserver Analysts

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Is World Wrestling Entertainment, Inc. (WWE) a Stock to Watch After Losing -1.04% This Week?

Overall market sentiment has been down on World Wrestling Entertainment, Inc. (WWE) stock lately. WWE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

World Wrestling Entertainment, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WWE!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WWE Stock Today?

World Wrestling Entertainment, Inc. (WWE) stock is trading at $100.88 as of 12:40 PM on Tuesday, May 30, a rise of $0.78, or 0.78% from the previous closing price of $100.10. The stock has traded between $99.99 and $100.94 so far today. Volume today is below average. So far 109,027 shares have traded compared to average volume of 853,585 shares. To see InvestorsObserver's Sentiment Score for World Wrestling Entertainment, Inc. click here.

More About World Wrestling Entertainment, Inc.

World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America. Click Here to get the full Stock Report for World Wrestling Entertainment, Inc. stock.