In a filing, Wolverine World Wide, Inc. revealed its Chief Legal Officer Latchana David A unloaded Company’s shares for reported $0.13 million on Sep 26 ’24. In the deal valued at $17.02 per share,7,706 shares were sold. As a result of this transaction, Latchana David A now holds 13,889 shares worth roughly $0.24 million.
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Then, Latchana David A bought 7,706 shares, generating $131,188 in total proceeds.
Before that, Soriano Isabel sold 3,201 shares. Wolverine World Wide, Inc. shares valued at $44,462 were divested by the President, International Group at a price of $13.89 per share. As a result of the transaction, Soriano Isabel now holds 26,519 shares, worth roughly $0.45 million.
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 -2.58% to $16.97. Over the last five days, the stock has gained 5.47%. Wolverine World Wide, Inc. shares have risen nearly 90.89% since the year began. Nevertheless, the stocks have risen 110.55% over the past one year. While a 52-week high of $17.57 was reached on 09/27/24, a 52-week low of $7.21 was recorded on 01/04/24. SMA at 50 days reached $14.15, while 200 days put it at $11.63.
Levels Of Support And Resistance For WWW Stock
The 24-hour chart illustrates a support level at 16.76, which if violated will result in even more drops to 16.54. On the upside, there is a resistance level at 17.25. A further resistance level may holdings at 17.52. The Relative Strength Index (RSI) on the 14-day chart is 71.67, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.39%. Stochastics %K at 94.12% indicates the stock is a selling.
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 2024-09-13, growing by 1.71 million shares to a total of 7.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.4 million shares. There was a rise of 24.01%, which implies that there is a positive 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.
