Vince McMahon to appear live on WWE’s SmackDown

0
11

Shares of World Wrestling Entertainment Inc. WWE, -3.64% slumped 2.6% in premarket trading Friday, after the media and entertainment company said Vince McMahon will appear live on its “SmackDown” TV event. The show will air Friday at 8 p.m. Eastern on FOX. Earlier, WWE disclosed that it was investigating McMahon for “alleged misconduct,” and McMahon had stepped back from his responsibilities as chairman and chief executive with immediate effect. FOX parent Fox Corp. FOXA, -0.65% and News Corp NWS, +0.51%, parent of MarketWatch publisher Dow Jones, share common corporate control. WWE’s stock has climbed 10.3% over the past three months through Thursday while the S&P 500 SPX, +0.22% has shed 16.9%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMarketWatch Premium: Bonds haven’t protected you from the bear market in stocks. But this one asset class could have
Next article: Millions more homebuyers may be priced out of housing market, as 30-year mortgage rate spikes after Fed’s biggest rate hike since 1994

LEAVE A REPLY

Please enter your comment!
Please enter your name here