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WWE Stock Soars Late In The Day, Television Deal Imminent?

WWE Stock Soars Late In The Day, Television Deal Imminent?

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Could we get an announcement in the near future on where WWE will be airing their television content? Financial analysts seem to think so. It is being reported by financial website, TheStreet.com reports that WWE stock rose 3.9% in the late afternoon and closed at $19.35 for the today.

The site states a report from The Wrestling Observer that the WWE will be announcing a new television deal tomorrow with NBC Universal. TheStreet also reports that WWE ratings score of C and rate the company as a HOLD.

The article also goes into detail about the revenue growth of the company, debt-to-equity ratio, gross profit margin and et operating cash flow comparing this quarter this year to last year.

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About Steve Muehlhausen

Steven is the site editor for Between The Ropes. He was a featured UFC columnist for Bleacher Report and a writer for MMASucka.com. Steven was also the host of the MMA show "The Fight Club Chicago" which aired for three years at various websites. You can email Steve at stevemuehlhausen@yahoo.com.

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