UPDATED: WWE Stock Closes Up On News Of Vince McMahon Return

UPDATE: WWE’s stock closed out strongly on Friday on the back of the news of Vince McMahon’s return to the board of directors. WWE’s stock price closed at $84.27, which was up $12.23 (16.98%) from the Friday closing price.

McMahon’s return has spurred obvious speculation about a possible sale, which was something his announcement and all reports have referenced as a reason for returning. That is very likely the reason for the stock surge, something that typically happens when sales are rumored.

The stock has risen an additional $0.38 (0.33%) in after-hours trading. The closing price is the best for the stock since it closed at $84.28 on May 8th, 2019.

ORIGINAL: PWInsider reports that following news that Vince McMahon has returned to WWE, WWE stock surged up to 21%. At this time the price is $88.09 per share. Trading was temporarily halted after the announcement.