WWE stock has surged to a 52-week high of $70.72 this morning.
The stock is currently up to $65.31 per share with the stock opening at $63.01 per share today, and has stayed above $62.99.
The sudden surge is due to the popular r/WallStreetBets subreddit, and post urging people to buy WWE as a stock option. The same subreddit was behind the recent surge for Gamestop and AMC.
It appears that the investors are happy as trading volumes are ballooning. Over 5 million shares of WWE have exchanged today against the 768,000 daily average.
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