WWE's stock is up in a big way.
After news broke on Thursday, January 5 that Vince McMahon is returning to WWE as the Executive Chairman Of The Board, the company's stock is currently on the uptrend in a massive way. At the time of this article being published, WWE's stock currently sits at a share price of $88.40, which is up 22% from the previous day.
This is the highest price that shares have been since April 2019, where at one point the price was $96.71. From that point until mid October 2020, the stock price gradually decreased, primarily due to the market crash that happened as a result of the COVID-19 pandemic. The price of the company's stock has mostly been on an upswing since that point.
McMahon's return to WWE was officially announced this morning in a press release put out by the company. As a result, McMahon, along with George Barrios And Michelle Wilson, are once again members of the company's board. Ignace Lahoud and Man Jit Singh however, resigned from the board.
According to Fightful's Sean Ross Sapp, a employee meeting will be held within WWE today. Although details aren't clear on the purpose of the meeting, one can assume that it is related to McMahon's return to the company.
There will be a WWE employee meeting today
— Sean Ross Sapp of Fightful.com (@SeanRossSapp) January 6, 2023
Fightful will continue to update fans on the latest news regarding WWE and Vince McMahon's return as the company's executive chairman.
