WWE News

Stephanie McMahon-Levesque Sells 43 Percent Of Her WWE Stock

Stephanie McMahon at an awards show.

Stephanie McMahon-Levesque, WWE’s Chief Brand Officer, offloaded 43 percent of her WWE stock on Monday, an SEC listing has confirmed.

The filing, posted on WWE’s Corporate website, states 57,573 ‘Class A Common’ was sold at a price of $39.18 a share, totalling just over $2.2million. The sale comes just one month after her husband, Paul ‘Triple H’ Levesque, sold a similar number of shares.

Following this offloading of assets, Stephanie McMahon-Levesque still owns 76,234 ‘Class A’ stock. Her ‘Class B’ stock, which is a far larger amount, totals around 2million shares. Class A stocks hold 1 vote per share, whereas Class B stocks are much more valuable in terms of voting power, giving the holder 10 votes per share.

The timing of the sale was criticised by Dave Meltzer, who questioned why she would sell those shares when the stock price is the lowest it’s been for a long time.

WWE stock has had an interesting 2-year period. In anticipation and speculation of the new TV deals, the stock rose to a record $100 a share in October 2018. The price far surpassed any Wall Street expectations and by reaching the $100 milestone, capped off an amazing year for WWE shareholders which saw the stock price more than triple.

In November 2018, the stock dipped down to $62 before bouncing back to a high of $87 in May 2019.

Since then, however, the stock price has been on a steady decline and now sits at just under $40, setting a 12 month low of $30 in March.

Wall Street analysts have issued stock targets and predictions of $55, and overall suggesting now is a good time to invest by setting their consensus stock rating to “Buy” rather than “Sell”.