More On Potential WWE Sale, WWE Stock Continues To Plummet, Firm On Where WWE Stock Is Headed

- WWE stock continues to plummet. As of this writing, the stock is down another 6.51%, and is down 21% since the company announced this past Monday that the WWE Network has 667,287 subscribers.

- InvestorPlace.com has an article here stating that WWE has little choice but to pursue "a sale to a larger rival." The article noted that quality earning for the stock have been poor, as have the profit margins. It also added that diehard fans seem to be losing interest in the product.

- Global private investment research firm Lemelson Capital, LLC, issued a press release today reiterating its "sell" position on WWE stock. The firm believes that the stock is overvalued and will continue to slide. They believe that fair value for the stock is $8.25 to $11.88 "based on the company's current revenue, profitability and other company and industry factors and trends."

"WWE is facing multiple challenging factors, including an inflated trading value and negative trends in its historical growth, suggesting that the downward slide in the stock may continue," said Father Emmanuel Lemelson, the firm's Investment Manager.

BigTuna212 contributed to this article.