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With Shares Down More Than 30% in 2020, Is WWE a Buy?

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With Shares Down More Than 30% in 2020, Is WWE a Buy?

World Wrestling Entertainment (NYSE: WWE) stock is down nearly 50% over the last 12 months. And most recently, shares fell 9% after the company reported disappointing fourth-quarter and full-year 2019 results. Several analysts downgraded their ratings on the stock.

So with shares trading near 52-week lows, could it be an opportune time to invest?

Image source: WWE.

Source Fool.com

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