WWE Stock Down Over 7% After McMahon Sells Stock (But Still Doing Well)

WWE’s stock was down 7.28% today, down to $29.55 after it was announced yesterday that Vince McMahon sold over $100 million in WWE stock to potentially fund another try at the XFL or another football league.

The stock is still up a lot this year though, trading at $18.60 this time last year.

On Monday it actually reached a record high at $32.92.