WWE Stock Drops Over $5 Today, Down Nearly 7%

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It was a rough day for World Wrestling Entertainment financially. WWE stock dropped over 6% today, as it went down $5.21. The stock now sits at $70.07 per share. The price had fallen around the time of WWE’s controversial Crown Jewel pay-per-view, but had slowly improved over the past week. However, this fall essentially takes it back to where it had fallen.
If you do the math, the company has lost over $1.5 billion in market capitalization in the past two months