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Weakness Seen in World Wrestling Entertainment (WWE): Stock Declines 7.1%

Zacks Equity Research

World Wrestling Entertainment Inc. (WWE) saw a big move last session, as the company’s shares fell more than 7.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for WWE, as the stock is now down around 26.2% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

WWE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 6.25%.

Some better-ranked stocks in the services sector include Digital Cinema Destinations Corp. (DCIN), Phoenix New Media Limited (FENG) and Saga Communications Inc. (SGA). All these stocks carry a Zacks Rank #2 (Buy).

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WORLD WRESTLING ENTMT INC (WWE): Free Stock Analysis Report

DIGITAL CINEMA DESTINATIONS CORP (DCIN): Free Stock Analysis Report

PHOENIX NEW MEDIA LTD (FENG): Free Stock Analysis Report

SAGA COMMUNICATIONS INC (SGA): Free Stock Analysis Report


Zacks Investment Research