WWE stock soars

[Deezy]

**After a widely circulated thread on the WWE stock in the Wall Street Bets subreddit, the WWE stock soared on Wednesday trading as high as $70.72 before it settled and closed at $64.48. Wednesday’s closing price represented an increase of almost 11 percent jumping over $6 in value and closed at its highest mark since January 2020 (just before the news of George Barrios and Michelle Wilson being relieved as company co-presidents and led to the stock taking a major hit). The post on Reddit included catalysts cited as live events resuming next month with fans, the video game sector is seen as a growth area, and included the potential of the company being acquired (which has largely been theories presented based on recent moves and consolidation among departments and not anything concrete).

**From Yahoo! Finance on today’s WWE stock soaring:

WWE stock’s jump is just the latest example of a so-called meme stocks rally. The exact identities of the traders pushing prices higher are not clear. But the Reddit board WallStreetBets has largely been credited with launching an effort to upend short sellers who had bet those stocks would fall.
MarketSmith data shows that headed into Wednesday’s action, it would take 11.5 times the stock’s average daily volume for short sellers to cover their positions in WWE stock. In other words, short interest is elevated in the midcap growth stock.

Ratings, what ratings

WWE boosters Gamestop'd this.....you gotta love it..

Won't be able to drop for months and it's going to really fuck up Wall Street numbers across the board.

 

[Chris]

Wait reddit is still fucking up stocks?

 

[Comrade Khan]

Wait reddit is still fucking up stocks?

Yep they did blackberry too. Fwiw they ain't doing this to boost necessarily. There was rumors that that hedge fun was going to try and potentially short wwe stock so diamond hands n all that fun stuff.

 

[Deezy]

Vinny Mac personally netted 300 mil that day.....let that sink in.

 

[Necro]

I won't even pretend to understand how this shit works. Sounds like it has no rhyme or reason sometimes.

 

[Alexa]

I won't even pretend to understand how this shit works. Sounds like it has no rhyme or reason sometimes.

A lot of people do it to show how easy it is to manipulate with stocks and so they can fuck up the economy while still getting rich. As well as show the effects of unchecked capitalism and how deadly short selling can be. There was/is a 2 hour video on YouTube explaining all of this.

 

[Necro]

A lot of people do it to show how easy it is to manipulate with stocks and so they can fuck up the economy while still getting rich. As well as show the effects of unchecked capitalism and how deadly short selling can be. There was/is a 2 hour video on YouTube explaining all of this.

And I assume that the so called professionals don't like when amateurs get a taste.

 

[Alexa]

And I assume that the so called professionals don't like when amateurs get a taste.

Nailed it right on the head, friend. There were people trying to get WallStreetBets taken down, and all kinds of nonsense stuff.

 

[Deezy]

Stocks are just like slot machines, carnival games, and the lottery....anything involving chance is rigged.