WWE Stock Hits New Record All Time High

WWE shares

WWE’s financial growth continues.

As reported by Brandon Thurston of Wrestlenomics, the company’s stock broke records once again as shares surpassed $115 a unit for the first time ever, surpassing the previous highest share price of $114.

The increase in share prices comes shortly after another day of record-breaking for the company, which has already recorded the highest-ever gate for a show with WrestleMania 40 despite tickets only going on sale a few days prior.

Shareholders in both WWE and Endeavour will be extremely happy with the news, as the merger to form new conglomerate TKO Holdings nears its completion. Those with shares in either company should expect to see a healthy dividend upon the completion of the upcoming merger, which is expected to be in September.

WWE Looks To Renegociate Distribution Rights

Giving the company a higher value than ever should help to secure lucrative television deals for Raw and SmackDown, as the media rights for the main roster shows are shortly up for renewal. CEO Nick Khan has stated that he is confident that the right deal will come along for the company.

Unfortunately for those that work for either company, not all jobs will be secure. With TKO Holdings looking to downsize various departments to cut costs and increase their share price even further, job cuts look inevitable upon the completion of the merger.