http://www.nasdaq.com/article/consumer-sector-update-for-01282015-wwetupeth-cm437719
In company news, World Wrestling Entertainment Inc. (
WWE ) was body-slammed Wednesday, with the sports entertainment company giving back a portion of its 20% advance yesterday that followed it saying it had signed up its one millionth subscriber for its online WWE network.
Market participants were accusing WWE of hyping the subscription numbers in order to trump fan outrage over Daniel Bryan being eliminated last weekend from the upcoming Wrestlemania event, also triggering rumors the popular wrestler may soon be leaving the company.
WWE shares were down nearly 4% at $12.06 in late trade, recovering from an earlier slide as low as $11.47 a share. The stock has traded within a 52-week range of $9.82 to $31.98, already sinking more than 46% over the past year through Tuesday close.