WWE Stock Increases 22% Following Network Announcement

UPDATE x4: The WWE stock continues to rise. As of 3:36PM ET, the stock is trading at $12.80, up a total of $2.32 (22.14%).

UPDATE x3: As of 3:02 PM ET, the stock is trading at $12.27, up $1.77 (16.89%) overall.

UPDATEx2: As of 2:30PM ET, the stock is still on the rise. The stock is trading at $12.09, up $1.61 (15.36%) overall.

UPDATE: As of 2PM ET, the stock is at $11.85. This is up $1.37 (13.07%) overall.

ORIGINAL: Following the news that the WWE Network has passed the 1 million subscriber mark, the WWE stock is on the rise. The stock is currently trading at $11.50, up $1.02 (10.02%) overall. The stock started to rise at 1:30PM ET, right after the first news of the Network subscriber numbers was released.

100% DIRECT LINK (PHOTOS): The Undertaker Chilling With Some Fans!! WHOA!!!