According to Darren Rovell, a sports business reporter for CNBC, Last night's WWE storyline in which Vince McMahon as relieved of his duties of WWE chief and replaced by Triple H,could be an SEC violation.
He tweeted:
If HHH has really taken over for Vince McMahon, WWE's stock is going to plummet tomorrow. Shares already down 31% year to date.
The #1 material risk against WWE stock is Vince McMahon leaving the business. Tonight's plot could be an SEC violation
WWE says that Mr. McMahon was relieved of his duties as Chairman of the Board of Monday Night Raw. He's still WWE chairman & CEO.
According to PWInsider,he company stock was only down a few cents per share this afternoon.
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