Why TKO Group Holdings Stock Crushed the Market Today
TKOTKO (TKO) The Motley Fool·2024-08-09 06:57

The company's latest quarter was mixed, but investors liked the raised full-year guidance. TKO Group Holdings (TKO 6.78%), the specialty entertainment company that owns both World Wrestling Entertainment (WWE) and the Ultimate Fighting Championship (UFC), had its hand raised in victory Thursday. Its stock raced nearly 7% higher across the day, thanks to a strong second-quarter earnings report. With that performance it put the hurt on the S&P 500 index, which rose by a relatively light 2.3%. New quarterly re ...