WWE stock sees drop after Vince McMahon news, Jeff Jarrett completes his rehab

WWE stock

WWE stock sees drop after Vince McMahon news

WWE stock closed the week at $29.55 according to Google Finance.

The overall stock price saw a 7.28% drop this week following the announcement that Vince McMahon sold $100 million worth of WWE shares to fund his separate entity – Alpha Entertainment, LLC – to explore invest opportunities including “professional football.”

As reported earlier, Alpha Entertainment filed for five new trademarks related to the former XFL on December 16 according to reports with the U.S. Trademark and Patent Office. Alpha also sought to trademark the term “URFL” as well.

Jeff Jarrett completes his rehab

Karen Jarrett shared a photo with husband Jeff Jarrett, seeming to indicate that Jarrett recently completed his two month WWE-sponsored rehab.

Good friend Hermie Sadler also shared news that Jarrett was now back home.

We reported back in October that Jarrett made the decision to check into rehab after an incident in Canada where he reportedly showed up to a live event intoxicated.

Anthem and Impact Wrestling also ended their business relationship with Jarrett back in October, officially cutting ties with his Global Force Wrestling promotion.