WWE News: WWE's stock officially hits all-time high

What's the story?

There is some good news to talk about for WWE in the wake of recent fan criticism of their product, as their stock has officially hit an all-time high.

In case you didn't know

Over the last few years, the company's stock has risen substantially following a period of great uncertainty which saw both WWE and Vince McMahon's net worth drop.

Now, however, with a new TV deal set to be announced soon, things are looking up.

Heart of the matter

As you can see in the reports from Twitter, WWE has passed 42.50 per share for the first time with a market cap of $3.25 billion.

They seem to be getting the best out their current product from a financial standpoint, despite many members of the WWE Universe wanting to see change.

For first time, $WWE (#WWE #stock) passes both 42.50 per share, and $3.25Billion market cap

— Joel Gertner (@StudMuffinSays) May 8, 2018

World Wrestling Entertainment, Inc.: The stock is testing its highs. $WWE https://t.co/4iVoZUNG6h pic.twitter.com/cQxcWO1ZXp

— MarketScreener (@MScreener) May 8, 2018

$WWE (#WWE stock) is now trading over 41.00 per share for the first time.2 Years Ago, shares were less than 17.00The stock is up about 147% in these last 2 years.So if you didn’t take my recommendation on this one... #ThatsNotAwesome

— Joel Gertner (@StudMuffinSays) May 3, 2018

What's next?

Looking ahead, it seems as if WWE will only continue to go from strength to strength as they move forward with many of their initiatives which have helped them to get to this point.

Following the announcement of UFC's deal with ESPN+, it's looking increasingly likely that WWE will wind up on FOX following the expiration of their current TV contract, which could be huge for the company.

Author's take

For everyone who says that the upward trajectory of Roman Reigns is going to impact WWE in a negative way, just take a look at these numbers.

While many fans will still moan and protest, this will always be the end result. As a brand, WWE knows how to make money, and beyond that, they've got a loyal fanbase who will stick with them through thick and thin.

All we can do is hope that some aspects of the on-screen storytelling improve but from a pure wrestling point of view, the quality is better than it has ever been before.