WWE Stock under investigation

[FreshAIG]

World Wrestling Entertainment, Inc. (NYSE:WWE) Investor Alert: Investigation over Possible Securities Laws Violations | Apr 30, 2014

San Diego, CA -- (SBWIRE) -- 04/30/2014 -- An investigation on behalf of investors of World Wrestling Entertainment, Inc. (NYSE:WWE) shares over potential securities laws violations by World Wrestling Entertainment and certain of its directors and officers in connection certain financial statements was announced.

If you purchased shares of World Wrestling Entertainment, Inc. (NYSE:WWE), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of World Wrestling Entertainment, Inc. (NYSE:WWE) concerning whether a series of statements by World Wrestling Entertainment regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

World Wrestling Entertainment, Inc. reported that its annual Total Revenue rose from $484.01 million in 2012 to $507.97 million in 2013 while its respective Net Income fell from $31.43 million to $2.76 million. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) grew from $7.72 per share in late 2012 to as high as $31.39 per share on March 20, 2014.

On April 7, 2014, World Wrestling Entertainment, Inc. announced that it has changed the location of its Annual Meeting of Stockholders to be held on April 25, 2014. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) declined from over $31 in March 2014 to as low as $19.65 per share on April 11, 2014.

 

[StatUS]

@Brad Piff

 

[Berniewood Hogan]

 

[Swiggy]

Subs for fukkery

 

[Norrin Radd]

 

[THEREALBRAND]

I know Vince didn't think he was going to son the cable companies without any repercussions

 

[I'm Billy FUCO!!]

We ain't got no worries over here

 

[Berniewood Hogan]

GOOD THING WE'LL HAVE JEFF JARRETT'S GLOBAL FORCE WRESTLING TO WATCH AFTER COKEBOY'S ANTICS GET THE WWE SHUT DOWN, BROTHER!

 

[mannyrs13]

I sold at $31. They best not be telling me the stock should've gone higher. Wonder if I can get in on the lawsuit tho.

 

[Ill Lou Malnati]

It's been a bad week for rich old white men.

Spoiler

Is this what I have to look forward to?

 

[Ed MOTHERFUCKING G]

So..."shareholders foundation" is investigating certain WWE financial statements and directors, because some investors asked them to.

Not FINRA
not SEC
not DOJ
not NYSE

The press release is very vague as to why or what they are investigating, and is essentially an advertisement to get other investors in on a potential claim or classaction.

It seems like "shareholders foundation" is just a law firm looking to sue...this is a fishing expedition...

 

[jackswstd]

He beat the Government once and they don't lose twice Vince

 

[I-Hate-You]

 

[wake&bake]

:vincepls:

 

[Ed MOTHERFUCKING G]

He beat the Government once and they don't lose twice Vince

This aint the government. This is the wall street version of an ambulance chaser

Basically they have an engine or algorithm that triggers investigations based on short or long term volitility...which is why they outlined the recent volitility in their own press release.