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Piper Sandler gives an Overweight recommendation for Wolverine World Wide, Inc. (WWW)

In a filing, Wolverine World Wide, Inc. revealed its President, International Group Soriano Isabel unloaded Company’s shares for reported $44462.0 on May 28 ’24. In the deal valued at $13.89 per share,3,201 shares were sold. As a result of this transaction, Soriano Isabel now holds 26,519 shares worth roughly $0.36 million.

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A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early August from “a Sector weight” to “an Overweight”. Telsey Advisory Group also remained covering WWW and reiterated its “Market perform” recommendation on August 08, 2024. UBS revised its rating on July 19, 2024. It rated WWW as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WWW

On Tuesday, Wolverine World Wide, Inc. [NYSE:WWW] saw its stock fall -0.15% to $13.58. Over the last five days, the stock has gained 9.69%. Wolverine World Wide, Inc. shares have risen nearly 52.76% since the year began. Nevertheless, the stocks have risen 71.03% over the past one year. While a 52-week high of $15.23 was reached on 07/31/24, a 52-week low of $7.21 was recorded on 01/04/24. SMA at 50 days reached $13.33, while 200 days put it at $10.89.

Levels Of Support And Resistance For WWW Stock

The 24-hour chart illustrates a support level at 13.24, which if violated will result in even more drops to 12.91. On the upside, there is a resistance level at 13.85. A further resistance level may holdings at 14.12. The Relative Strength Index (RSI) on the 14-day chart is 54.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.50%. Stochastics%K at 69.30% indicates the stock is a holding.

How much short interest is there in Wolverine World Wide, Inc.?

A steep rise in short interest was recorded in Wolverine World Wide, Inc. stocks on 2024-07-31, dropping by -0.91 million shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.27 million shares. There was a decline of -17.01%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 09, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $14.

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