Updated
WWE still has plenty of room to fall!
WWE is still showing signs of falling. Beyond the chart being a mess, the company is facing strong competition. The saudi deal appears to be out the door and several top talents are looking to exit the company. Ratings have consistently dropped week over week. Earnings were abysmal and the company has very little free cash flow to work with. I can see a lot of top talent fleeing for AEW as WWE appears to be overlevereged.
Note
If price breaks below 5.30 before todays close, prices are likely to collapse further.Note
Here it goes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.