How WWE Is Harnessing The Power Of Its 100 Share Price To Launch Into Unprecedented Highs

• WWE has announced a quarterly dividend of $0.12 per share for this month, with a payment scheduled for investors on June 26th.
• The stock is currently resting at a solid support level of $100, which has prevented further price decline, and if momentum builds, it could potentially break the all-time high of $110.

World Wrestling Entertainment, Inc. WWE is at the forefront of the entertainment industry, strategically adapting to the evolving digital landscape.

The company recently announced a multi-year partnership with Twitch, the leading interactive live-streaming platform, which reflects its innovation and ambition.

As investors await the outcome of this partnership, WWE has announced a quarterly dividend of $0.12 per share for this month, with a scheduled payment to investors of record on June 26th.

In April 2019, WWE's stock soared to an unprecedented high of $100, but soon plummeted by over 70%. The stock hit its lowest point just beneath $30 after 11 months.

However, it wasn't until a lengthy 37 months later that the stock managed to regain its former glory and reach its previous peak level.

The stock price then rose above the previous all-time high, before experiencing a decline and is now resting at support, which is the previous all-time high from April 2019 at $100.

This solid level is holding strong and preventing price from falling further.

Price retraced to this support level on May 17th and has only just started to bounce back up from support.

If the momentum builds and price consistently climbs higher, the all-time high of $110 could soon be broken.

Combining live sports, interactive digital media, and fan engagement offers great potential for growth and innovation. WWE's collaboration with Twitch capitalizes on this opportunity.

This partnership, along with the recently announced dividend and the resilient performance of WWE stock, makes it an intriguing prospect for investors.

The stock price is gradually rebounding from its $100 base and if fresh historical peaks are achieved, a surge resembling the 200% rise of 2018 may be imminent.

After the closing bell on Thursday, June 15, the stock closed at $103.42, trading up by 1.42%.