Another Hit

Before I jump into this article we need to define another term, this term being "insider trading." As defined by moneycrashers.com "Insider trading is the practice of using information that has not been made public to execute trading decisions. It gives traders an unfair advantage over others and most forms of insider trading are illegal. Another definition of the term as SEC outlines insider trading as “buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include ‘tipping’ such information, securities trading by the person ‘tipped,’ and securities trading by those who misappropriate such information.”

I have been a wrestling fan for the last twenty-three years and this has been by far an unpresented time to be a fan of wrestling. According to various news sites (first reported by Brandon Thurston or Wrestlenomics) $2.1 million shares of WWE stock were sold just hours before the WSJ report was published. Though the amount might not seem like a lot it is actually 1.5 million more than on an average day. Though it is unknown the executive/s that could've sold this amount it was likely a high ranking official due to the amount that was sold. This situation could make the report of the investigation to Vince's allegations all the more worse, because it doesn't look good. Also this could make even more of a case for S+S Attorneys at Law to prove a violation of fiduciary duty. 
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Though as I mentioned it isn't proven the information is clearly out there that someone may have had knowledge of the incoming report and chose to make the best of a bad situation. As of this writing WWE stock has only taken a slight hit down small percentage at $62.91 as of June 17.

The following was taken from a forbes.com article: To view the full article click here
WWE’s Prohibition Against Insider Trading

• “The term ‘insider trading’ refers to the practice of trading in securities while in possession of material non-public information, a practice which is prohibited under federal law.”
• “Any WWE Personnel trading while in possession of material information which he or she has reason to believe is not publicly available is acting contrary to Company policy and may be held liable for insider trading. Directly or indirectly ‘tipping’ this information to another person who trades is also a violation of this policy. Information will be deemed ‘material’ if it would be likely to influence a reasonable investor’s decision to buy, sell or hold securities. Any information about the advances, set-backs or over-all business plan of WWE or its business partners should be considered material.”
• “‘Non-public’ information includes any information that has not been made available to the public through a press release or a filing with the Securities and Exchange Commission. WWE Personnel with information about WWE or its business partners should consider the information “nonpublic” until the second full trading day following the wide-spread disclosure of that information.”