WWE Shares Moonsault To Highest Level In !5 Months

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em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep
, a daily trading idea radio show.
World Wrestling Entertainment
WWE
shares are trading higher by $1.69 at $21.86. The issue is continuing its march north after blowing away Wall Street estimates for EPS by $0.09 on July 30. In addition, the company reported strong subscriber numbers. After digesting its huge gain on the 30th, rallying from $16.48 to $19.36, for two gains, WWE climbed into the $20 handle on Monday, ending the session at $20.17. In today's session, it opened at the low print for the day ($20.23) and reached $22.05 before pulling back under $22. That marks the highest level for WWE since it cascaded from the $30 level back in April 2014. As long as WWE closes above $20.17, it will be the sixth consecutive day of gains.
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