Top Hedge Fund Manager Has Washed His Hands Of Nearly 3 Million WWE Shares (Forbes)
As WWE’s stock begins to stabilize amid a steady decline that burned several investors, who once upon a time saw its share price skyrocket to $100, top investor Stephen Mandel of Lone Pine Capital has divested all shares as of December 31 per SEC filings released this past Friday. The combined selloff amounts to 2,959,183 shares, around 2.3 million of which were purchased last April when WWE’s stock was peaking at $96.11. Lone Capital was the 4th-largest institutional owner of WWE’s shares and the 10th-largest overall.
As WWE’s stock begins to stabilize amid a steady decline that burned several investors, who once upon a time saw its share price skyrocket to $100, top investor Stephen Mandel of Lone Pine Capital has divested all shares as of December 31 per SEC filings released this past Friday. The combined selloff amounts to 2,959,183 shares, around 2.3 million of which were purchased last April when WWE’s stock was peaking at $96.11. Lone Capital was the 4th-largest institutional owner of WWE’s shares and the 10th-largest overall.
