Wrestlenomics noted 10 days ago that Vince McMahon and Nick Khan were putting up stock for sale. On Friday, Sportico reports that McMahon was selling the last of his shares in TKO Group Holdings. Khan also filed to sell all of his holdings. This would be the last installment of sales by McMahon who resigned […]
TKO
Vince McMahon sells more stock
Jefferies covers TKO Group Holdings with ‘Buy’ rating
Investment banking firm Jefferies initiated coverage of TKO with a ‘buy’ rating and a $120 price target. Shares jumped on Monday morning with the news of the coverage. The news offsets a previous “market outperform” rating by TD Cowen last month with concerns about Zuffa’s exposure with the UFC Antitrust Lawsuit heading to trial in […]
Dwayne Johnson joins the Board of Directors of TKO Group Holdings, gets ownership of The Rock TM
Dwayne Johnson has joined the board of directors of TKO Group Holdings, Inc. the company announced on Tuesday. Johnson also gained ownership of the trademarked name “The Rock” as part of an intellectual assignment agreement. Per the SEC 8-K Filing, Johnson will receive over $30 million in TKO stock. He will also receive $491,000 in […]
Concerned over antitrust lawsuits, TKO Group stock gets ‘market perform’ rating
Since opening on Wall Street TKO Group Holdings, Inc. has been ascending based on the profits of the UFC and WWE. However, an investment bank, TD Cowen, has given the stock a “market perform” recommendation. Market perform is a neutral assessment that does not imply a strong recommendation to buy or sell. This is in […]