Investment Firm Sells Large WWE Stake, WWE Exec Sells A Lot Of Stock, Stock Highest In Months

By Raj Giri

- As noted earlier, WWE closed today at $16.77. It was the highest closing price since May 15, 2014, when the stock closed at $19.93. The stock plummeted the following day after WWE announced their new TV deal with NBCUniversal.

- WWE Studios President Michael J. Luisi sold 15,000 shares of his WWE stock yesterday at an average price of $16.71. The total amount of the transaction was $250,650, which reduced Luisi to 92,094 shares.

- Lemelson Capital, LLC, a private investment management firm, have sold nearly their entire WWE stake except for one share. The firm announced a stake in WWE last May and had called on the Board of Directors to replace the management team or sell the company. Lemelson Capital Management CIO Emmanuel Lemelson had stated several times in the past that he wanted WWE to be put up for sale, or for Vince McMahon to be replaced.

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