There has been considerable movement pertaining to WWE's stock over the last few days as it responds to the tragedy within the company. The price of WWE traded on the NYSE has dropped around $0.60 since the story broke on Monday. The price has fallen from $16.55 to around $15.95 as of the time of posting.What is most interesting to report is the lack of movement of the stock as it relates to trading. Usually, in situations such as this, investors are feverishly selling their stock in fear that the news will cause a significant drop in price. So far, the volume of WWE stock being traded sits around 98,000 shares compared to the usual volume of 232,000.
What this means is that many people are in a "hold" mode when it comes to WWE's stock. Also, the usual influx of buyers when a stock drops is not there either. This indicates that investors are anticipating that the WWE stock will continue to drop in price and will then purchase the stock when it bottoms out. An influx of purchasing is expected in the next few days if the stock continues to fall, which will increase the volume significantly.
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