Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wolverine World Wide, Inc. shares valued at $44,462 were sold by Soriano Isabel on May 28 ’24. At $13.89 per share, Soriano Isabel sold 3,201 shares. The insider’s holdings dropped to 26,519 shares worth approximately $0.34 million following the completion of this transaction.
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Also, BOROMISA JEFFREY M purchased 3,500 shares, netting a total of over 29,225 in proceeds. Following the buying of shares at $8.35 each, the insider now holds 160,400 shares.
Before that, Stornant Michael D had added 3,800 shares to its account. In a trade valued at $31,122, the EVP, CFO and Treasurer bought Wolverine World Wide, Inc. shares for $8.19 each. Upon closing the transaction, the insider’s holdings increased to 3,800 shares, worth approximately $2.85 million.
As published in a research note from Telsey Advisory Group on May 09, 2024, Wolverine World Wide, Inc. [WWW] has been retained to a Market perform and the price target has been revised to $14. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. Earlier on August 11, 2023, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for WWW stock which previously was a “a Buy”.
Analyzing WWW Stock Performance
During the last five days, there has been a drop of approximately -4.25%. Over the course of the year, Wolverine World Wide, Inc. shares have jumped approximately 44.54%. Shares of the company reached a 52-week high of $14.45 on 05/14/24 and a 52-week low of $7.58 on 01/04/24. A 50-day SMA is recorded $12.82, while a 200-day SMA reached $9.90. Nevertheless, trading volume fell to 0.45 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Wolverine World Wide, Inc. (WWW)
According to the 24-hour chart, there is a support level at 12.89, which, if violated, would cause prices to drop to 12.81. In the upper region, resistance lies at 13.15. The next price resistance is at 13.33. RSI (Relative Strength Index) is 45.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 59.37%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
