TKO Stock Recent News

TKO CEO Ari Emanuel and Dwayne ‘The Rock' Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE's flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.

Shares of TKO Group Holdings Inc. soared toward a record gain Tuesday, after the parent of World Wrestling Entertainment and Ultimate Fighting Championship announced a deal with Netflix Inc. in which WWE's “Raw” program will be shown exclusively on the streaming service.

TKO Group Holdings is a unique and exciting stock that combines UFC and WWE, reaching over 1 billion households worldwide. The stock currently trades at a 27% discount with an 8x risk to reward from my base case fair value. UFC will be the driver of growth led by its global expansion and ability to drive tourism and popularity in multiple countries.

TKO Group Holdings Inc executive chairman Vince McMahon plans to sell 8.4 million of his TKO shares, according to a prospectus filed on Thursday with the Securities and Exchange Commission (SEC).  The shares for sale in a secondary offering, at $79.80 each, are valued at about $700 million based on Thursday's closing price and represent approximately 25% of McMahon's total TKO stake, which was about 28 million shares as of August.

TKO Group (NYSE: TKO ) stock is a hot topic among traders on Friday following news that Vince McMahon is selling a large number of its shares. A press release from TKO Group reveals that McMahon will be selling 8.4 million shares of TKO stock through a secondary offering.

Vince McMahon, the longtime former CEO of WWE, is selling nearly one-third of his stake in TKO Group Holdings. The wrestling impresario is unloading 8.4 million shares, which had a market value of around $700 million as of Thursday's close.

Vince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the wrestling empire founded by his father.

Investors need to pay close attention to TKO Group (TKO) stock based on the movements in the options market lately.

Citi has released a list of 20 large-cap growth stocks that it says present opportunities in the event of a pullback.

UBS analysts kicked off coverage of TKO Group Holdings Inc with a ‘Buy' rating and a 12-month target price of $123 per share, calling the combination of WWE and UFC "a rare pure-play in live sports with rights renewals and synergies on the horizon."   "We believe the merger of WWE and UFC will improve monetization through cost and revenue synergies and create an entity generating strong cash flows that will enable returns to shareholders and optionality for management to acquire other live sports properties," the analysts wrote.