WWE is cutting executive and board member pay, cutting costs as it works to combat effect of COVID-19 [MarketWatch]
World Wrestling Entertainment, Inc. Class A (WWE)
Last world wrestling entertainment, inc. class a earnings: 4/23 04:10 pm
Check Earnings Report
US:NYSE Investor Relations:
corporate.wwe.com/investors/investor-overview
Company Research
Source: MarketWatch
World Wrestling Entertainment Inc. said Wednesday it is reducing executive and board member compensation, cutting operating costs, and deferring spending on its new headquarters for at least six months, as it works to combat the impact of the coronavirus pandemic. The company is further cutting the pay of its rank-and-file workers and lowering headcount and expects to save $4 million a month and improve cash flow by $40 million. "Additionally, the company has substantial financial resources, both available cash and debt capacity, which currently total approximately $0.5 billion, to manage the challenges ahead," the company said in a statment. "Management continues to believe the fundamentals of the company's business remain strong and that WWE is well positioned to take full advantage of the changing media landscape and increasing value of live sports rights over the longer term." WWE will provide further details next week when it reports first-quarter earnings after the bell on Thurs
Show less
Read more
Impact Snapshot
Event Time:
WWE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WWE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WWE alerts
High impacting World Wrestling Entertainment, Inc. Class A news events
Weekly update
A roundup of the hottest topics