The Rock’s Investment in UFC and WWE Parent Company Hits Record High

  • Dwayne Johnson’s stake in TKO Holdings surges to $25 million
  • TKO Holdings shares reach a record high of $128.31
  • Johnson owns 193,116 shares and 193,115 restricted stock units
  • Stock up more than 55% this year while S&P 500 index rises 20%

Actor and former wrestler Dwayne ‘The Rock’ Johnson has seen the value of his stake in TKO Holdings, the parent company of mixed martial arts organization UFC and wrestling brand WWE, skyrocket. With shares reaching a record high of $128.31, Johnson’s stake is now worth $24.8 million. TKO stock has experienced a 55% increase this year, outperforming the S&P 500 index by 20%. The actor owns 193,116 shares and 193,115 restricted stock units that vest on December 31st. TKO Holdings is the only publicly traded company where Johnson holds an insider position.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Dwayne Johnson’s stake in TKO Holdings and its performance in the market, as well as his net worth. It also mentions that he serves as a director for the company. However, it includes some irrelevant details such as the reference to his wrestling career and the use of wrestling terminology which may not be essential for understanding the main topic.
Noise Level: 4
Noise Justification: The article contains some irrelevant information by mentioning Dwayne Johnson’s past as a wrestler and his net worth, which is not directly related to the main topic of discussing TKO Holdings’ stock performance.
Public Companies: TKO Holdings (TKO), WWE (WWE)
Key People: Dwayne Johnson (Director of TKO Holdings)

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Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Dwayne Johnson’s stake in TKO Holdings, which owns UFC and WWE, and the increase in its stock value. While there are financial topics mentioned (stock ownership and market performance), there is no specific event impacting financial markets or companies beyond this particular company.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: 24800000
Move Size: The market move size mentioned in this article is 55%.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.barrons.com