WWE stock closed at just $56.04 per share on Thursday, a full 10-point loss from the day before, closing out the month of October with a new 2019 low.
The drop coincides with WWE’s fourth trip to Saudi Arabia for Crown Jewel, with CNN Business noting that the company has had trouble closing new television deals in the Middle East and India, as well as investors still waiting on the details of their new deals in the UK and Latin America.
WWE stock peaked at $100.45 in late April, and stabilized in the high-60s to mid-70s for the rest of the year so far. Thursday’s number marks the lowest close since May 2018.
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